ZACHXBT SAYS HE FRONTED $349,700 TO INFILTRATE ALLEGED LAUNDERERS

Summary from the TLDR Crypto newsletter

ZachXBT said he posed as a client and funded an address with 349,700 USDC to deal with a vendor called "Jimmy Green," alleging the network laundered over $1 billion across Lazarus-linked exploits, including most of the $1.5 billion Bybit hack. The intel helped trace a cluster of over $12 million in Bybit exploit funds, leading Tether to freeze 442,000 USDT, and he lost about 5% per order while operating the sting. He says he shared findings with law enforcement and has helped facilitate the freezing of $75 million tied to North Korean incidents since 2022.