According to Decrypt, on-chain sleuth ZachXBT arranged to appear as a customer of a Chinese crime syndicate’s crypto laundering operation in order to monitor the movement of funds associated with the Lazarus Group. To do so, he provided $349,700 and accepted a 5 percent fee on each transaction made through the service used by the syndicate.
The approach was intended to observe how the Lazarus Group’s Bybit-related assets were handled in real time by the Chinese laundering network. No further details about timing, duration, method of verification, or technical execution were provided in the source material.
