TREE NEWS reports: On-chain investigator ZachXBT said he infiltrated a Chinese crime network that laundered more than $1 billion for North Korea’s Lazarus Group by posing as a customer. The information he obtained helped trace funds from the $1.5 billion Bybit hack, he said.
ZachXBT: Chinese Crime Network Laundered Over $1B for Lazarus
The notable element is not the laundering figure but the method: an on-chain investigator gaining access to an active network rather than reconstructing it after the fact. That places private intelligence in a role that public blockchain analysis alone has struggled to fill, particularly where off-chain fiat conversion and local criminal infrastructure are involved. The open question is whether this kind of human-source access becomes repeatable or remains a one-off, since it depends on individual investigators rather than institutional capability.
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