WuBlockchain
ZachXBT says funds from Bitget’s $387.5 million hack are moving across chains and into mixing services including Wasabi. He alleges Chinese illicit actors are laundering funds on behalf of suspected North Korean attackers and have sought order support in Discord and Telegram channels tied to services they use.
Why it matters
ZachXBT identified an operator known as “Alias 4” as also being involved in laundering funds from the $292 million Kelp DAO exploit earlier this year. He said similar patterns appeared after other attacks attributed to TraderTraitor.
Market impact
The reported overlap points to recurring laundering methods across major crypto exploits, while cross-chain movement and mixers can complicate efforts to trace funds. ZachXBT says he plans to publish additional data in the coming weeks.
Frequently asked questions
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How much was stolen in the Bitget hack?
The hack involved $387.5 million, according to the seed.
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Where does ZachXBT say the funds are moving?
He says the funds are moving across chains and into mixing services including Wasabi.
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What is the reported link to the Kelp DAO exploit?
ZachXBT says an operator known as “Alias 4” was also involved in laundering funds from the $292 million Kelp DAO exploit.
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Who does ZachXBT allege is behind the Bitget fund laundering?
He alleges Chinese illicit actors are laundering the funds on behalf of suspected North Korean attackers.
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What additional information does ZachXBT plan to share?
ZachXBT says he plans to publish additional data in the coming weeks.
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