ZachXBT Posed as a Client to Infiltrate Chinese Syndicate Laundering Bybit Hack Funds

HACK OR EXPLOITZachXBT Posed as a Client toInfiltrate Chinese SyndicateLaundering Bybit Hack Funds42IMPORTANCECLOSED8NEWS MEDIA9PIECESOct 5, 2026 12:21blockboard.net

ZachXBT said he spent months posing as a customer to reach a Chinese laundering network linked to the February 2025 Bybit hack and Lazarus Group. He said he fronted $349,700 in USDC, paid 5% on each order, and used the access to trace funds and help freezes.

What this rests on

Claim by claim, with its source
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ZachXBT said he posed as a customer to contact a group tied to the February 2025 Bybit theft.
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He said that outreach helped freeze funds linked to the February 2025 theft and track suspected laundering activity.
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He said he fronted 349,700 USDC and paid 5% on every order while dealing with a broker who told him where North Korea's stolen funds were going next.
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He said he posed as a customer of a Chinese crime syndicate to follow Lazarus Group's Bybit loot in real time.
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He linked the undercover work to a 442,000 USDT freeze after identifying a cluster he tied to Bybit and valued at more than $12 million.
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He said the work exposed a laundering network he put at about $1 billion and helped trace $12 million in Bybit funds.
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He spent months posing as a customer inside a Chinese criminal network he said laundered more than $1 billion for Lazarus Group.
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The investigation began after the $1.5 billion Bybit hack, when suspicious accounts on Telegram and Discord sought laundering help.

Market reaction

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$86,107price at publication
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How the story was built

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

+16 min
Oct 5 18:46
Decrypt context
Its angle: fronting, sleuth, eating; with quotes
+1 h 53 m
Oct 5 20:23
+10 h 9 m
Oct 6 04:39
+12 h 55 m
Oct 6 07:25
+16 h 3 m
Oct 6 10:33
CR CryptoPotato echo
No new facts: tradertraitor, information, individual; with quotes
+1 d 12 h
Oct 7 06:41
Crypto News Australia adds
Adds $75M, with quotes
+1 d 19 h
Oct 7 14:16
Crypto Economy echo
No new facts: blockchains, soliciting, identified; with quotes

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