Security· ★★★★· bearish·

ZachXBT names five suspects in laundering of Bitget hack funds

  • —ZachXBT identified five suspects: Cc, jack, Melon, lolo (Marin) and HELP ME
  • —The $387 million from the Bitget hack is moved across bridges and mixers including Wasabi
  • —Suspect lolo/Marin previously laundered funds from the $292 million Kelp DAO exploit
  • —The Bitget hack is attributed to North Korean hackers from the TraderTraitor group
Why it matters: ZachXBT's disclosure could speed up tracing and freezing of stolen funds, increasing pressure on services used for laundering.
Source: BeInCrypto RU