ZachXBT traces $1 billion crypto laundering network
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- ZachXBT said a Chinese organised crime syndicate laundered more than $1 billion for Lazarus Group.
- The investigation traced cryptocurrency flows across multiple exploits involving stolen digital assets.
- The findings supported efforts to freeze funds linked to the February 2025 Bybit hack.
Blockchain investigator ZachXBT said a Chinese organised crime syndicate had laundered over $1 billion for Lazarus Group.
ZachXBT said he infiltrated the network by posing as a customer and gathered information on its operations.
“How I infiltrated a Chinese organized crime syndicate that has laundered $1B+ across multiple exploits for Lazarus Group,” ZachXBT said in an X post featuring images from his investigation.
The investigation traced cryptocurrency transactions linked to funds associated with Lazarus Group.
The findings supported efforts to freeze funds linked to the February 2025 Bybit hack.
The investigation covered multiple cryptocurrency exploits involving stolen digital assets and laundering activity.
The findings show how criminal networks can use cryptocurrency channels to move stolen funds across jurisdictions.
The investigation adds to evidence of cryptocurrency laundering linked to major cyberattacks.
