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      Investigator Exposes Money Laundering Ties to North Korean Hackers

      ZachXBT, known as an on-chain detective, has revealed details of an undercover operation in which he infiltrated a money laundering group linked to the North Korean hacker organization Lazarus Group. This investigation was prompted by the Bybit attack in February 2025, during which the cryptocurrency exchange lost $1.5 billion. Following the incident, ZachXBT identified over 15 accounts in public Telegram and Discord groups that were attempting to facilitate transactions involving the stolen funds.

      Disguised as a client, ZachXBT engaged with a Telegram user known as 'Jimmy Green' and conducted a series of transactions to build trust. On March 6, 2025, he transferred $3.497 million in USDC to an Ethereum address, which was later traced back to the Bybit attack funds. This address has been publicly marked as part of the blacklist associated with the attack. Through further investigation, ZachXBT uncovered a wallet cluster containing over $12 million of the stolen funds, which were being laundered through various cryptocurrency chains including Solana and TRON.

      The investigation revealed that the group had also attempted to launder money through Uniswap liquidity pools and had assisted other clients in handling approximately $3 million in scam proceeds. ZachXBT's findings have been shared with relevant investigative agencies and law enforcement, contributing to efforts that have led to the freezing of over $75 million connected to North Korean-related incidents since 2022.

      © 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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