Topic
bybit
2 stories
ZachXBT says he spent $349,700 posing as a client to infiltrate a laundering ring tied to the Bybit hack
Onchain investigator ZachXBT says he posed as a client and fronted $349,700 in stablecoins to infiltrate a Chinese laundering network he alleges moved over $1 billion for North Korea's Lazarus Group, including funds from the $1.5 billion Bybit hack.
ZachXBT says he paid $350K into a North Korea-linked laundering ring to trace it from the inside
On-chain investigator ZachXBT says he sent $349,700 of his own money to a Chinese syndicate laundering for North Korea, posing as a client to trace Bybit hack proceeds and trigger freezes.