CryptoDecryptabout 2 hours ago
Crypto Sleuth Fronts Funds to Expose Launderers
6 min read
On March 6, 2025, crypto investigator ZachXBT fronted 349,700 USDC to pose as a client of a Chinese laundering syndicate linked to North Korea. He accepted a 5% loss per order to gather intel, which helped expose a 12 million dollar cluster of Bybit exploit funds. Tether subsequently froze 442,000 USDT tied to the cluster, validating the sting operation.
Level
Hype check
Tap to vote and see what everyone thinks.