Chinese crime network laundered over $1B for North Korea's Lazarus group

Researcher ZachXBT says a Chinese crime network laundered more than $1 billion for the North Korea-linked Lazarus hacking group.

ZachXBT said he infiltrated the network by posing as a customer, gaining information that helped trace funds from the $1.5 billion Bybit hack.

For beginners Money laundering hides the origin of stolen funds through chains of transactions; because blockchain transactions are public, analysts can still trace such schemes despite attempts to obscure them.