Bybit CEO says nearly 28% of $1.4 billion hacked crypto 'gone dark,' moved to P2P and OTC
Bybit Hack Update: Bybit CEO Ben Zhou reported that 27.59% of the $1.4 billion stolen in a hack has become untraceable, with funds being laundered through mixers and various platforms. The remaining traceable amount has decreased since March, with only 68.57% still identifiable.
Impact on Crypto Platforms: The privacy-focused trading platform eXch announced its shutdown due to legal pressures related to money laundering linked to the Lazarus Group, while other platforms like Chainflip DEX have taken measures to prevent misuse by hackers.
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Technical Analysis for P2P
Technical Sentiment Analysis for Sentinel (P2P). As of , Sentinel (P2P) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for P2P stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, P2P is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sentinel (P2P) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000483 | 0.0000641 | 0.0000797 | 0.0000955 | 0.000111 | 0.000127 | 0.000142 |
| Fibonacci | 0.0000641 | 0.0000761 | 0.0000836 | 0.0000955 | 0.000108 | 0.000115 | 0.000127 |
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