Chinese crime network laundered over $1B for Lazarus: ZachXBT
60-second summary
ZachXBT infiltrates a Chinese crime network by posing as a customer, uncovering how the group laundered more than $1 billion of stolen crypto tied to the $1.5 billion Bybit hack and funneling it to North Korean Lazarus actors; the revelation highlights persistent cross‑border money‑laundering vulnerabilities, prompting tighter AML scrutiny and potentially tightening market liquidity for illicit‑origin assets.
ZachXBT says he infiltrated the network by posing as a customer, gaining information that helped trace funds from the $1.5 billion Bybit hack.