Elliptic describes the Bybit cold-wallet theft as a USD 1.46 billion cryptocurrency hack and focuses on rapid tracing of the stolen assets. The company says it labeled initial exploit addresses within 18 minutes of Bybit's confirmation, tracked fast laundering through intermediary wallets, and helped an exchange freeze about USD 150,000 after stolen funds moved from a self-hosted wallet. Elliptic also released a public blocklist of more than 9,000 Bybit exploit addresses to help services avoid funds that could finance North Korea's weapons programs.