Crypto Sleuth ZachXBT Fronted $350K to Pose as a Client of Lazarus' Chinese Launderers
Summary
On-chain investigator ZachXBT says he spent $349,700 posing as a crypto client to infiltrate a Chinese laundering syndicate allegedly moving funds for North Korea’s TraderTraitor group. His communications and blockchain tracing linked the operation to Bybit exploit proceeds, including a cluster of more than $12 million moved across chains; Tether later froze $442,000 in related USDT. The investigation also connected the network to funds from the Poloniex hack and Cambodia’s Huione marketplace. ZachXBT says he shared evidence with private investigators and law enforcement, and has helped secure more than $75 million in freezes tied to North Korean activity since 2022.
