{"id":667349,"date":"2026-10-06T02:52:56","date_gmt":"2026-10-06T02:52:56","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/10\/06\/chinese-crime-network-laundered-over-1b-for-lazarus-zachxbt\/"},"modified":"2026-10-06T02:52:56","modified_gmt":"2026-10-06T02:52:56","slug":"chinese-crime-network-laundered-over-1b-for-lazarus-zachxbt","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/10\/06\/chinese-crime-network-laundered-over-1b-for-lazarus-zachxbt\/","title":{"rendered":"Chinese crime network laundered over $1B for Lazarus: ZachXBT"},"content":{"rendered":"

\"Chinese<\/p>\n

ZachXBT says he infiltrated the network by posing as a customer, gaining information that helped trace funds from the $1.5 billion Bybit hack. <\/p>\n

A Chinese organized crime syndicate laundered more than $1 billion stolen in multiple crypto exploits for North Korea\u2019s Lazarus Group, according to blockchain investigator ZachXBT.\u00a0<\/p>\n

In an Oct. 5 thread on X, pseudonymous blockchain investigator ZachXBT said<\/span><\/a> he posed as a paying client to infiltrate the money laundering network in February 2025, just days after the Bybit hack. He put up $349,700 in stablecoins and took a 5% loss on each order to build trust with one of the network\u2019s operators, known as \u201cJimmy Green.\u201d<\/p>\n

ZachXBT said the operations spanned Hong Kong and mainland China, and information supplied by the launderer helped him identify a cluster of more than $12 million in Bybit-linked funds, with Tether later freezing $442,000 in associated USDt (USDT).\u00a0<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

ZachXBT says he infiltrated the network by posing as a customer, gaining information that helped trace funds from the $1.5 billion Bybit hack. A Chinese organized crime syndicate laundered more than $1 billion stolen in multiple crypto exploits for North Korea\u2019s Lazarus Group, according to blockchain investigator ZachXBT.\u00a0 In an Oct. 5 thread on X, […]<\/p>\n","protected":false},"author":1,"featured_media":667350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-667349","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/667349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=667349"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/667349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/667350"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=667349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=667349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=667349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}