Chinese Network Laundered $1B for North Korea: ZachXBT
24 Articles
24 Articles
ZachXBT Says China Crime Ring Laundered $1B+ Linked to Lazarus
Blockchain investigator ZachXBT says a Chinese organized crime syndicate laundered more than $1 billion stolen by North Korea’s Lazarus Group across multiple crypto exploits. The allegations, detailed in an Oct. 5 thread on X, provide unusually granular detail on how intermediaries may help DPRK-linked funds move through exchanges and other on-chain routes. ZachXBT claims he [...]
ZachXBT pretended to be a client of a Chinese union that laundered funds for Lazarus. He put $349,700 out of his pocket and helped freeze funds from Bybit’s hacking. That’s how the operation went. ZachXBT’s entry was infiltrated into the Chinese network that washed more than $1 billion for Lazarus: it did so was first published in Cryptoreport.
ZachXBT, famous researcher in the cryptocurrency market, published a report on his social networks on Monday (5) telling how he infiltrated a Chinese organized crime syndicate that washed more than $1 billion in cryptocurrency for North Korean hackers. Explaining how he got to the money launderers, Zach claims to have observed a pattern in more [...] Source: Investigator tells how he infiltrated Chinese organized crime syndicate that washed more…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
