Bybit’s stolen funds are being laundered through crypto mixer services such as Tornado Cash and Wasabi. Bybit hackers stole $1.4 billion.
Regulators are tightening crackdowns on decentralized exchanges and mixing services, aiming to curb the movement of stolen assets across crypto rails. Crypto industry observers note the growing use of mixers to obfuscate flows, complicating enforcement and asset recovery. This trend underscores the difficulty of tracing illicit transactions across different crypto rails and jurisdictions.
Industry observers say the use of mixers remains a significant hurdle for AML compliance, with investigators pursuing cross-border cooperation to disrupt laundering networks. The evolving landscape shows regulators expanding cooperation and tightening oversight as enforcement efforts intensify.
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