Bitget Hack Funds Flow Through Mixing Services: ZachXBT Unveils Suspected Money Laundering Scheme

Blockchain investigator ZachXBT has made some disturbing revelations about recent hacks in the cryptocurrency space. He claims that funds from the $387.5 million Bitget hack are being moved across chains and into mixing services, including Wasabi.

ZachXBT alleged that Chinese illicit actors are laundering these funds on behalf of suspected North Korean attackers. To facilitate this process, they are using Discord and Telegram channels to seek order support.

Furthermore, ZachXBT linked an operator known as 'Alias 4' to the $292 million KelpDAO exploit earlier this year. He observed that similar patterns emerged in other TraderTraitor-attributed attacks, suggesting a possible connection between these events.

ZachXBT plans to release more data in the coming weeks, which could potentially shed more light on these complex transactions and their actors.