ZachXBT on BullVerse

Level 1

1/4 So far in July 2024 more than $35M from the $305M DMM Bitcoin hack has been laundered to the online marketplace Huione Guarantee

It is suspected that Lazarus Group is behind the hack due to similarities in laundering techniques and off chain indicators.

5 months ago

Rich Soon

Level 1

5 months ago

In response ZachXBT to his Publication

Wow that’s crazy … dang scammers

TopG

Level 1

5 months ago

In response Rich Soon to his Publication

So much scam and shit in this space its mad

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ZachXBT

Level 1

5 months ago

In response ZachXBT to his Publication

2/4 Over the weekend Tether blacklisted a wallet with 29.6M USDT on Tron connected to Huione.

~$14M flowed into this wallet from the DMM Bitcoin hack in a 3 day period.

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ZachXBT

Level 1

5 months ago

In response ZachXBT to his Publication

3/4 The laundering path for funds transferred to Huione from the DMM Bitcoin hack can be summarized as:

1) Deposit BTC to mixer from the hack
2) Withdraw BTC from mixer
3) Bridge funds from Bitcoin to Ethereum or Avalanche via THORChain, Threshold, Avalanche bridge
4) Swap for USDT and bridge to Tron via SWFT
5) Transfer USDT to Huione

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