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      Blockchain Investigator Fronts $349,700 to Uncover Alleged North Korean Laundering Ring

      ZachXBT, a pseudonymous blockchain investigator, has invested $349,700 in USDC to infiltrate a suspected money laundering operation linked to North Korea's Lazarus Group. This initiative, disclosed on October 5, 2026, involved building trust with a contact within a Chinese organized crime syndicate believed to be laundering funds for the notorious hacking group.

      The operation commenced on March 6, 2025, shortly after a significant hack of the Bybit exchange in February 2025, which resulted in the theft of approximately $1.5 billion. ZachXBT's contact, known by the alias 'Jimmy Green,' provided critical information that enabled the investigator to trace funds across various blockchains, ultimately identifying a wallet cluster valued at over $12 million connected to the Bybit hack. This led to Tether freezing 442,000 USDT associated with those funds.

      ZachXBT's efforts highlight the ongoing challenges in combating cryptocurrency-related crime, particularly in relation to stablecoins, which can serve as choke points in laundering operations. His previous work has reportedly assisted in freezing over $75 million linked to North Korean activities since 2022, demonstrating the potential impact of individual investigators in disrupting illicit financial networks.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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