How ZachXBT Infiltrated a Crypto Laundering Network Handling Bybit and Other Stolen Funds

ZachXBT said that he fronted $349,700 on an undercover operation that helped uncover laundering activity linked to the Lazarus Group. ZachXBT is back with another major crypto expose. This time, the onchain investigator said he infiltrated a Chinese organized crime syndicate that has laundered more than $1 billion across multiple exploits for the notorious Lazarus Group. After posing as a client, ZachXBT said that he gathered information that helped action freezes linked to the February 2025 Bybit exploit. Inside the Chinese Crime Syndicate The investigation started shortly after the $1.5 billion Bybit exploit. The attack was attributed to the DPRK-linked group TraderTraitor. ZachXBT noticed more than 15 accounts on public Telegram and Discord groups asking for help with orders tied directly to the stolen funds. He contacted several of those accounts. One of them used the alias “Jimmy Green” on Telegram. On March 6, 2025, ZachXBT funded a new Ethereum address with 349,700 USDC, which he planned to use for several transactions with the individual. Jimmy gave him an address to send USDC to in exchange for USDT on Tron. The investigator then found that the address had been funded with...