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ZachXBT says he spent $349,700 to infiltrate Chinese launderers tied to Lazarus, Bybit hack

On-chain investigator ZachXBT said he fronted $349,700 posing as a client to infiltrate alleged Chinese money launderers tied to North Korea’s Lazarus Group and the $1.5 billion Bybit hack. The intelligence he gathered helped freeze funds linked to the hack, he said.

Original source

AI take

The notable point is method, not the sum: paying upfront to pose as a client turns an on-chain investigation into a human-intelligence operation, producing evidence that exchanges and authorities could act on. It also shows how laundering networks serving state-linked actors are entangled with Chinese-language intermediaries, making attribution and freezing a cross-border coordination problem. Whether the frozen funds stay frozen, and whether this kind of paid infiltration becomes repeatable, is the open question.

Generated by AI for reference only.

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