Security· ★★★★· neutral·

ZachXBT Goes Undercover in Chinese Syndicate Laundering $1 Billion

  • —ZachXBT spent $349,700 across 15 suspicious accounts to infiltrate the syndicate
  • —The group is linked to Lazarus Group and has laundered over $1 billion from exploits
  • —The syndicate handled most of the $1.5 billion Bybit hack and $387 million Bitget incident
  • —ZachXBT's tracking helped Tether freeze $442,000 in stolen funds
Why it matters: The investigation highlights the effectiveness of on-chain analytics in combating money laundering and could increase pressure on networks used by Lazarus Group.
Source: Finbold