Wu Blockchain: North Korean hackers increasingly rely on professional cyber laundering, over $1 billion of Bybit's $1.5 billion stolen funds have been laundered.
**Wu Blockchain** reports that North Korean hackers are increasingly leveraging professional money-laundering networks to convert stolen cryptocurrency into usable funds. These intermediaries typically take control of the stolen assets at an early stage, pay the attackers after deducting fees, and assume the risk of subsequent transfers and cash-out. Following the $1.5 billion theft from Bybit in February 2025, zeroShadow estimated that as of June 2025, more than $1 billion in stolen funds had already been laundered. Elliptic traced approximately $200 million in funds flowing through eXch, and identified fund routing conducted via cross-chain transfers, USDT conversions, and suspected Chinese over-the-counter (OTC) services. Although blockchain transactions remain traceable, the recovery of stolen assets depends on cooperation among exchanges, token issuers, and law enforcement agencies.
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