In brief
- ZachXBT says he fronted 349.7K USDC on March 6, 2025, and accepted a 5% loss on each order while posing as a client of a Chinese laundering syndicate.
- He says the operation exposed a $12M+ cluster of Bybit exploit funds, and that Tether later froze 442K USDT linked to it.
- He says he has helped action $75M+ in freezes tied to North Korean incidents since 2022, and funds his work through grants and donations.
Most on-chain sleuths trace stolen crypto from the sidelines. The pseudonymous ZachXBT says he wired $349,700 of his own money to the people moving it.
“Posing as a client, I gathered intel that helped action freezes for the Feb 2025 Bybit exploit and attribute illicit activity onchain.” he wrote on X. ZachXBT explained the…
