Bitget's $350M Hack: Who Can Actually Freeze the Stolen Funds?

After Bitget disclosed a roughly $351.6 million hack on Sept. 25, later revised higher, Bybit co-founder and CEO Ben Zhou offered assistance and said his team was updating LazarusBounty to help trace the funds, echoing Bitget's own help for Bybit in its 2025 hack, when it lent Bybit 40,000 ETH. Recovering the funds depends on identifying which exchanges, swap services, and cross-chain protocols control the relevant accounts, and on FATF obligations for virtual asset providers, including due diligence and suspicious-transaction reporting.