ZachXBT says he paid $349,700 to pose as a client of alleged crypto launderers

The blockchain investigator said his undercover work gathered intelligence that helped freeze funds linked to the $1.5 billion Bybit hack. The alleged Chinese laundering network was linked to North Korea's Lazarus Group, and Cyber Security News reported that his investigation combined private chats with public blockchain records.

• According to Decrypt, ZachXBT said he absorbed a 5% cost on each order.

Covered by 3 publishers within 20 hours of the first report.

• The Block: ZachXBT says he fronted $349,700 to infiltrate alleged Chinese launderers tied to Lazarus, Bybit hack

Reporting3

CSN Cyber Security News Researcher Infiltrates Lazarus Group’s Crypto Laundering Network After $1.5B Bybit Hack · Guru Baran 10:10 AM

DE Decrypt Crypto Sleuth ZachXBT Fronted $350K to Pose as a Client of Lazarus' Chinese Launderers · Jose Antonio Lanz 2:46 PM

TB The Block ZachXBT says he fronted $349,700 to infiltrate alleged Chinese launderers tied to Lazarus, Bybit hack · Timmy Shen 5:51 AM

Related

BC Former engineer gets 32 months in prison for employer network attack October 6

TB CFTC proposes registration framework for crypto exchanges offering leverage October 5

HIL Fairshake backs 13 Democrats and 19 Republicans in House races October 5

Topics Crypto