ZachXBT reportedly posed as a paying client to gain access to a Chinese laundering network, putting up $349,700 in USDC and accepting a 5% loss on each order. He says the network laundered more than $1 billion for North Korea’s Lazarus Group. Cointelegraph, Cointelegraph’s X post

ZachXBT reportedly posed as a paying client to gain access to a Chinese laundering network, putting up $349,700 in USDC and accepting a 5% loss on each order. He says the network laundered more than $1 billion for North Korea’s Lazarus Group. Cointelegraph, Cointelegraph’s X post

The report says his investigation identified more than $12 million in funds linked to the Bybit hack; Tether later froze about $442,000 in USDT connected to the identified activity. It also describes alleged laundering ties to other exploits, including Bitget and Kelp DAO. Cointelegraph

These are claims attributed to ZachXBT and the report; the supplied material does not establish the network’s full identity or independently confirm that every cited fund was controlled by Lazarus Group. BybitArabic’s recent posts supplied here do not address this investigation.