ZachXBT Infiltrates Crime Syndicate, Traces Over $1 Billion in Stolen Crypto
- ZachXBT posed as a client to investigate a Chinese organized crime syndicate linked to North Korea’s Lazarus group.
- He funded the operation with 349,700 USDC and accepted losses of about 5% per transaction.
- ZachXBT identified over $12 million in funds associated with the Bybit hack on Solana.
- The investigation revealed laundering methods involving multiple networks, including Ethereum, Solana, and TRON.
- Tether froze 442,000 USDT linked to the identified funds during the operation.
This operation highlights the extensive laundering activities tied to significant crypto thefts, particularly those involving North Korean actors. ZachXBT’s findings have been shared with law enforcement and private-sector representatives for further investigation.
ZachXBT’s infiltration led to tracing over $12 million in stolen assets while risking his own funds for intelligence gathering. His efforts shed light on sophisticated laundering techniques used by criminal syndicates.(Source)
