Current outcome
Blockchain investigator ZachXBT revealed he infiltrated a Chinese organized crime money-laundering network that washed over $1 billion in stolen crypto for North Korea's Lazarus Group, yielding tracing data and USDT freezes tied to the $1.5 billion Bybit hack.
Progress timeline
2 material updates- #01
ZachXBT披露调查细节：自掏腰包渗透洗钱网络换取情报，协助冻结Bybit被盗资金
ZachXBT disclosed that he went undercover as a client to infiltrate a Chinese organized-crime money-laundering network tied to Lazarus Group, using the intelligence to help freeze and attribute funds from the February 2025 Bybit hack and other exploits.
Source evidence: theblockbeats
- #02
Chinese crime network laundered over $1B for Lazarus: ZachXBT
Blockchain investigator ZachXBT revealed he infiltrated a Chinese organized crime money-laundering network that washed over $1 billion in stolen crypto for North Korea's Lazarus Group, yielding tracing data and USDT freezes tied to the $1.5 billion Bybit hack.
Source evidence: Cointelegraph