A $1B Laundering Ring Hid in Plain Sight
After the $1.5 billion Bybit theft, blockchain investigator ZachXBT says he found alleged money launderers asking for help in public Telegram and Discord chats.
Posing as a client, he says he routed $349,700 in USDC through one contact, accepting roughly 5% in costs to build trust. The contact then shared wallet addresses, transaction screenshots and details of where funds would move next.
ZachXBT traced a cluster of more than $12 million allegedly linked to the Bybit theft as it moved through Bitcoin, Ethereum, Solana and Tron. Tether later froze about $442,000 in USDT tied to that cluster.
The investigator says the same network discussed $332,000 from the Poloniex hack and roughly $3 million from another fraud victim. His estimate: a Chinese laundering syndicate may have processed more than $1 billion stolen by Lazarus Group across multiple hacks.
ZachXBT says the evidence has been sent to law enforcement.
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