AB Kuai.Dong|Oct 05, 2026 12:51
Shocking. Well-known on-chain tracking blogger ZachXBT has released a series of undercover records to confirm that there is indeed a group of Chinese bros providing laundering support for the North Korean Reconnaissance General Bureau-backed hacker organization, Lazarus Group, after each cryptocurrency theft.
The loot stolen by this organization in the crypto space:
Japan's DMM exchange: approximately $300 million
India's WazirX exchange: approximately $230 million
Chinese Bybit exchange: approximately $1.5 billion
On-chain protocol Kelp DAO: approximately $292 million
Chinese Bitget exchange: approximately $380 million
And the vast majority of the funds are unrecoverable, as they are continuously laundered and ultimately flow into North Korea.
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