Cryptocurrency markets As the regulatory effort continues, your transactions today could get you into trouble in the future. Crypto detective ZachXBT The latest tweet series by provides insight into how the attackers operate. Furthermore, there is also a hidden warning to users globally regarding a platform that the attackers are widely using.
ZachXBT and His Findings
Many complex incidents in this area have been uncovered by ZachXBT with its advanced OSINT and on-chain intelligence capabilities. We know that he has received harassing requests for training even from US IRS agents. ZachXBT released a significant tweet series today. This $305 million DMM Bitcoin hack was related to the incident. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
$35 million of assets are in online marketplaces Huione Guarantee Zach, who found out that he moved to a place called “. “, mentions that scammers are running rampant on this platform. He also gives some details about the DMM hack incident.
“Due to similarities in laundering techniques and off-chain indicators, the Lazarus Group is suspected to be behind the attack. Over the weekend, Tether blacklisted a wallet on Tron that contained 29.6 million USDT tied to Huione. ~14 million USDT flowed into this wallet over a 3-day period from the DMM Bitcoin hack.
The laundering path for funds transferred from the DMM Bitcoin hack to Huione can be summarized as follows:
Deposit BTC to mixer from hack
Withdraw BTC from mixer
Bridge funds from Bitcoin to Ethereum or Avalanche via THORChain, Threshold, Avalanche bridge
Swap for USDT and bridge to Tron via SWFT
Transfer USDT to Huione
Huione has become a major hub for illicit funds in South East Asia and is primarily used by criminal organisations such as pig butchering gangs.
A recent report by blockchain analytics firm Elliptic revealed that merchants on the platform processed an estimated volume of more than $11 billion and alleged that Huione Group has ties to the Cambodian government.
Additionally, I also detected millions of dollars worth of flows here in the $31 million Fintoch investment fraud case last year.”
Investors Attention
There is a risk that those who trade on such flagged platforms will interact with money launderers on-chain. This could result in your name being cited in any future investigation.
Yet crypto laws Since it has not fully matured, even today there are cases where innocent people have become victims due to on-chain interactions for various reasons.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
