Security· ★★★★· neutral·

ZachXBT Spent $350K to Infiltrate Lazarus-Linked Chinese Money Laundering Network

  • —ZachXBT funded a new Ethereum address with 349,700 USDC on March 6, 2025, to transact with a contact using the alias Jimmy Green
  • —He lost roughly 5% on each order, swapping USDC for USDT on Tron to maintain his cover
  • —Three Solana addresses helped identify a cluster holding over $12 million in Bybit-linked funds
  • —Tether froze 442,000 USDT connected to the wallet cluster
Why it matters: The case shows how undercover work can yield intelligence for freezing stolen funds and attributing DPRK-linked attacks.
#USDC#USDT
Source: NFT Plazas
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