ZachXBT infiltrates $1B crypto syndicate to expose Lazarus Group

Blockchain investigator ZachXBT said he infiltrated a Chinese laundering syndicate by posing as a cryptocurrency client and funding repeated stablecoin trades. In an Oct. 5 disclosure, he alleges the network laundered more than $1 billion across exploits for Lazarus Group. He said he fronted 349,700 USDC to build a relationship with a contact using the alias Jimmy Green. According to his account, the repeated exchanges led to private conversations about moving funds stolen from Bybit in 2025. He reported tracing a cluster involving more than $12 million in Bybit funds and a later 442,000 USDT freeze by Tether. Becoming a…