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The digital trail of the massive Bybit hack is getting clearer, revealing the hacker’s elaborate efforts to launder the stolen 500,000 ETH (worth a staggering $1.23 billion). The pilfered ETH was converted into 12,836 BTC and then scattered across a jaw-dropping 9,117 wallets, averaging just 1.41 BTC per wallet. To further muddy the waters and ensure anonymity, the attacker employed crypto mixers like Wasabi, CryptoMixer, Railgun, and TornadoCash. Related: FBI: North Korea’s “TraderTraitor” Gang Behind $1.5B Bybit Hack Despite these intricate maneuvers designed to obscure the funds, investigators have managed to trace a significant 88.87% of the stolen cryptocurrency, offering a glimmer of hope for recovery. However, a frustrating 7.59% of the funds have vanished without a trace, adding a layer of complexity to the ongoing investigations. In response, Bybit has swiftly frozen 3.54% of the stolen funds, amounting to 17,700 ETH worth nearly $35 million, preventing any further movement. This rapid action was made possible through quick collaboration with other exchanges and blockchain analysis firms. Bybit CEO, Ben Zhou, has issued a direct appeal to the crypto community, urging anyone with insights to assist in deciphering the complex layers of mixer transactions. Bybit’s security team has flagged the increasing use of Bitcoin mixers as a major obstacle in their recovery efforts. Decoding these transactions has now become the platform’s top priority. Just as Zhou emphasized in his post, “After mixer the funds went to various p2p vendors. We believe this trend will grow as more funds will go through mixers. Decoding mixer transactions is the number one challenge we face now. If you can help, please reach out.” Related: Bybit CEO: $1.4 Billion Crypto Hack Tracked, Majority Potentially Recoverable To expedite the process of tracking down the remaining funds, Bybit has put out bounties for individuals who can provide actionable intelligence. Over the past 30 days, the exchange has received a total of 5,012 bounty reports, with 63 of them deemed valid and providing useful leads. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Market Update for $VINE Trading Signal: Long Entry Zones: 0.02700 0.02600 Take Profit Levels: TP1: 0.02835 TP2: 0.03000 TP3: 0.03500 TP4: 0.04000 Stop Loss: 0.02500 $VINE Market Update VINE is showing bullish momentum today! Here’s a quick breakdown of what’s happening: Current Price: 0.02739 (+1.71% in 24 hours) Range: High of 0.02835, Low of 0.02630 Key Levels to Watch: Support: 0.02630 (Recent Low) and 0.02326 (Lower Bollinger Band) Resistance: 0.02835 (Upper Bollinger Band) and 0.03000 (Psychological Level) What’s Next? If VINE holds above 0.02700 and breaks 0.02835, we could see a push toward 0.04000 or higher. A drop below 0.02500 might signal a retracement toward 0.02326. The price is currently near the middle Bollinger Band, suggesting potential for upward momentum. However, traders should proceed with caution and watch for volume confirmation.

Market Update for $ARC Trading Signal: Long Entry Zones: 0.05500 0.05000 Take Profit Levels: TP1: 0.05883 TP2: 0.06000 TP3: 0.06500 TP4: 0.07000 Stop Loss: 0.04500 $ARC Market Update ARC is showing strong bullish momentum today! Here’s a quick breakdown of what’s happening: Current Price: 0.05572 (+10.31% in 24 hours) Range: High of 0.05883, Low of 0.04608 Key Levels to Watch: Support: 0.05049 (Recent Low) and 0.04608 (Lower Bollinger Band) Resistance: 0.05883 (Upper Bollinger Band) and 0.06000 (Psychological Level) What’s Next? If ARC holds above 0.05500 and breaks 0.05883, we could see a push toward 0.07000 or higher. A drop below 0.04500 might signal a retracement toward 0.04608. The price is currently near the upper Bollinger Band, indicating strong buying pressure. However, such a sharp rise may lead to a pullback, so traders should proceed with caution and watch for volume confirmation.

Market Update for $BANANA Trading Signal: Long Entry Zones: 21.00 20.00 Take Profit Levels: TP1: 23.25 TP2: 25.00 TP3: 28.00 TP4: 30.00 Stop Loss: 18.00 $BANANA Market Update BANANA is showing strong bullish momentum today! Here’s a quick breakdown of what’s happening: Current Price: 22.04 (+14.61% in 24 hours) Range: High of 23.25, Low of 18.79 Key Levels to Watch: Support: 21.25 (Middle Bollinger Band) and 18.79 (Recent Low) Resistance: 23.25 (Upper Bollinger Band) and 25.00 (Psychological Level) What’s Next? If BANANA holds above 21.00 and breaks 23.25, we could see a push toward 30.00 or higher. A drop below 18.00 might signal a retracement toward 16.08. The price is currently near the upper Bollinger Band, indicating strong buying pressure. However, such a sharp rise may lead to a pullback, so traders should proceed with caution and watch for volume confirmation.

Market Update for $ZEREBRO Trading Signal: Long Entry Zones: 0.0400 0.0350 Take Profit Levels: TP1: 0.0456 TP2: 0.0500 TP3: 0.0550 TP4: 0.0600 Stop Loss: 0.0320 $ZEREBRO Market Update ZEREBRO is showing strong bullish momentum today! Here’s a quick breakdown of what’s happening: Current Price: 0.0428 (+27.38% in 24 hours) Range: High of 0.0456, Low of 0.0326 Key Levels to Watch: Support: 0.0353 (Middle Bollinger Band) and 0.0326 (Recent Low) Resistance: 0.0456 (Upper Bollinger Band) and 0.0500 (Psychological Level) What’s Next? If ZEREBRO holds above 0.0400 and breaks 0.0456, we could see a push toward 0.0600 or higher. A drop below 0.0320 might signal a retracement toward 0.0326. The price is currently near the upper Bollinger Band, indicating strong buying pressure. However, such a sharp rise may lead to a pullback, so traders should proceed with caution and watch for volume confirmation.