High Alert

ZachXBT says he fronted $349,700 to infiltrate alleged Chinese launderers tied to Lazarus, Bybit hack

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: The Block
ZachXBT says he fronted $349,700 to infiltrate alleged Chinese launderers tied to Lazarus, Bybit hackWorldPing
Image via The Block.

What happened

Posing as a client, ZachXBT said he gathered intelligence that helped freeze funds tied to the $1.5 billion Bybit hack.

Key facts

  • Posing as a client, ZachXBT said he gathered intelligence that helped freeze funds tied to the $1.5 billion Bybit hack.
  • Reported by The Block and published Tue, 06 Oct 2026 09:51:47 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. Chinese crime network laundered over $1B for Lazarus: ZachXBT

  2. Greek Police Bust Alleged $9M AI Crypto Scam That Promised to Double Money

  3. ZachXBT Infiltrates Crypto Syndicate Tied to $1.5B Bybit Hack

  4. U.S.- China AI race heats up as Chinese rivals secure billions ahead of IPOs

  5. ZachXBT says he fronted $349,700 to infiltrate alleged Chinese launderers tied to Lazarus, Bybit hack

Sources

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

Read the full report at The Block

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