Fact actually is I wouldn't like to put too much of a blame on mixers because everything that has a good side has a bad one too so you should definitely expect hackers and scammers to exploit the bad side too just like good enthusiasts will exploit the good side which is simply maintaining privacy.

My biggest concern about this bybit hack is the inconvenience it will cause to those that have huge stack of coins especially ETH because most of them will likely get their funds frozen too when the intend to move it.

This clearly has nothing to do with the mixers. We should rather be concerned about how the hackers managed to pull such an hack. I have been following up with the story for a while now, and It still doesn't make any sense to me how a multi-signature cold wallet got hacked. That wallet I assume should even be safer than that of an average user who uses a standard wallet with a single private key. If such a trick could be pull off with a muti-sig, then what is the fate of those who uses a standard wallet?.

At the end of the day, the hack was probably to remind us that even those we entrust with our coin are not as perfect as we think.


That's the problem now.
I just saw a news that "Bybit confirms it has successfully frozen $42.89M in stolen funds within 24 hours". How sure are they that all the frozen funds were stolen?. They really need to take things easy on their user, how channel more energy to strengthen their security.

After the forum rejected mixers' promotion of their services, I also stayed away from them. I won't say they are bad, but sadly, they have become a medium for illegal activities, and the authorities have flagged their services. They might say that they are just a victim, but nobody believes such a thing since they are aware of the situation, yet they still accept it.

I don't expect mixers will regain their reputation after having many negative claims. Because no matter how hard they tried to clean their reputation, the mindset of the people/users couldn't change, thinking that they were part of a big crypto scam and illegal activities.

Bybit despite how many exchanges been hacked before, they still were hacked like they didn't hardened their security for this type of attack. Whether the reputation of mixers going to stay bad or not, I think I will still be rooting for them to be successful in providing services.

And if they are going to be forced to decline services to Larazus group, they will also lose the reputation. So mixers are really in a bad spot in this kind of situation.
But I also wouldn't trust blockchain that will freeze the stolen funds because that would prove that ETH blockchain is centralized no different to the middleman we currently have like the banks.

Somebody will have to be blamed in the end, that's why.

But it would have been good if they are helpful at times. I remember the time over $100 million was stolen and Sinbad was used for mixing the coin. Did you know that caused Sinbad to be taken down? People needs to be worry of Lazarus group. If Sinbad was helpful and know the evil addreses and stopped them, mixers campaigns will likely still be on this forum. But I know some people will give them bad reputation.

I have known those Dex which are actually not totally decentralized but web3 to have been used by hackers and scammers in the past. I think I even had some posts about it in the past.

Bitcoin is for everyone so are Bitcoin mixers and cryptocurrency mixers (altcoin mixers).

Criminals can use Bitcoin blockchain, Bitcoin mixers, altcoin mixers and it's not responsibility of mixers. It's very old story, like if a criminal used a knife, a gun to kill someone, he must be arrested and be responsible for that action. The knife, gun producers and sellers are not responsible for the criminal action.

Same with Bitcoin, altcoin mixers but treatment against mixers are different because of anti-policies from governments. That's it practically but it doesn't change fundamentals of mixers.

They have to blame someone because that's their job, right? At the end of the day, it's important for them and those who act on their "analyses" to say they did their job.

eXch does not deny that a small portion of these funds reached them, and that they will donate them to good causes.

Before we talk about mixers, we first have to question why bybit will allow themselves to be hacked. They can't intelligently shift the blame to mixers. They assured customers that their funds and data are safe and now recent events have proved that that is not the case, so they have no right to blame anything else other than themselves. What they should focus on is making sure something like this doesn't happen again.


Do they have a right to do that? Can they simply freeze people's accounts because they want to move out their funds from the exchange? I doubt that because that will not be right. There has to be a legitimate reason before they freeze an account. Withdrawals were working fine during the hack too.

That is what you get when you want to go fully decentralized, not supporting what mixers do but there is never that true way of having something for the good, and without disadvantages. Seriously I don’t see any wrong the mixers have actually done here in this regard. They cannot fully shut down their services because you were too careless to actually guide your own funds. How many of P2P scam cases the so called KYCed bybit has resolved. Go to social media platforms and see the outcry of most of their users about Bybit forcefully releasing the funds during appeal to scammers or Should we also tag them as aiding criminals too.
More so it is this decentralized systems that have recovered the most funds for bybit, they should simply rather channel their funds to safeguarding their assets in the future.


They didn’t halt any withdrawal but there was huge congestion during the hack period where most users were moving out their funds from the exchange but to give them credit and reduce the panic then they actually made all withdrawals and even borrowed funds from the likes of bitget to cover for everything. There was simply no halt in withdrawal.

But as for them freezing customers account, I don’t know why you are surprised because it is the norm of centralized entity to freeze you account or certain funds when they think there is irregularities surrounding that transaction.