High Alert

Chinese crime network laundered over $1B for Lazarus: ZachXBT

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Cointelegraph
Chinese crime network laundered over $1B for Lazarus: ZachXBTWorldPing
Image via Cointelegraph.

What happened

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

Key facts

  • ZachXBT says he infiltrated the network by posing as a customer, gaining information that helped trace funds from the $1.5 billion Bybit hack.
  • Reported by Cointelegraph and published Tue, 06 Oct 2026 01:47:24 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Crypto Sleuth ZachXBT Fronted $350K to Pose as a Client of Lazarus' Chinese Launderers

  2. ZachXBT infiltrates $1B crypto syndicate to expose Lazarus Group

  3. Chinese crime network laundered over $1B for Lazarus: ZachXBT

Sources

The original report was published by Cointelegraph. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Cointelegraph

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