Security· ★★★★· bearish·

RUSI: North Korea Launders Stolen Crypto Through Chinese Networks

  • —Over $1 billion of the $1.46 billion Bybit hack laundered in four months
  • —About $200 million routed through the anonymous eXch service
  • —Part of the funds converted to USDT on Tron and cashed out via Chinese traders
  • —Launderers absorb the freeze risk while North Korea is paid upfront
Why it matters: The scheme shows blockchain tracing alone is insufficient, with RUSI urging better information sharing between banks, crypto firms and regulators.
#USDT#TRX
Source: Crypto Insiders
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