#ZachXBT揭露Lazarus组织10亿美元洗钱网络 Blockchain investigator ZachXBT revealed that he infiltrated a criminal group laundering money for the Lazarus Group by going undercover. The operation involved more than $1 billion. ZachXBT spent about 349,700 USDC of his own money while posing as a client to obtain inside information about the laundering network.
The laundering ring handled proceeds from several on-chain hacks, including funds from the Bybit theft. It split up and mixed the stolen funds through over-the-counter (OTC) transactions and transfers across multiple blockchains. The group operated through channels in several locations and coordinated business via Telegram and Discord.
The leads disclosed in this investigation have helped relevant authorities freeze some of the stolen crypto assets. The Lazarus Group has long carried out hacks targeting exchanges and protocols, relying on laundering networks like this one to cash out the stolen cryptocurrency.
The laundering ring handled proceeds from several on-chain hacks, including funds from the Bybit theft. It split up and mixed the stolen funds through over-the-counter (OTC) transactions and transfers across multiple blockchains. The group operated through channels in several locations and coordinated business via Telegram and Discord.
The leads disclosed in this investigation have helped relevant authorities freeze some of the stolen crypto assets. The Lazarus Group has long carried out hacks targeting exchanges and protocols, relying on laundering networks like this one to cash out the stolen cryptocurrency.