CryptoMedium•6 October 2026•
1 min read
Chinese Network Laundered Over $1B for Lazarus Group, Investigation Finds
Key Facts
1On-chain researcher ZachXBT revealed a Chinese crime network laundered over $1 billion in crypto for North Korea's Lazarus Group.
2The laundered funds included assets traced back to the $1.5 billion hack of the Bybit exchange.
On-chain researcher ZachXBT revealed a Chinese crime network laundered over $1 billion in crypto for North Korea's Lazarus Group. Cointelegraph reported that the laundered funds included assets traced back to the $1.5 billion hack of the Bybit exchange.
The investigator exposed the operation by posing as a customer, which allowed for the tracing of illicit flows and the identification of the laundering infrastructure used by the network. These findings highlight systemic security risks within the digital asset ecosystem as authorities and researchers continue to track funds from major historical exploits.