# ZachXBT says he fronted $349,700 to infiltrate a Chinese laundering network that moved more than $1 billion for North Korea's Lazarus Group

The on-chain investigator says the operation identified a cluster holding more than $12 million in funds linked to the Bybit theft. He says it also helped secure a freeze of $442,000 in Tether. He kept the operation unpublished for 18 months.

- Published: 2026-10-06T05:32:21.128Z
- Canonical: https://polylog.news/crypto/2026-10-06/zachxbt-says-he-fronted-349-700-to-infiltrate-a-chinese-laun
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CryptoSlate](https://cryptoslate.com/zachxbt-infiltrates-1b-crypto-syndicate-to-expose-lazarus-group/), [crypto.news](https://crypto.news/how-zachxbt-traced-bybit-hack-funds-to-a-lazarus-linked-network/), [Polylog editors](https://polylog.news), [Crypto Briefing](https://cryptobriefing.com/zachxbt-fronts-349700-lazarus-laundering-ring/), [Cryptometer](https://www.cryptometer.io/news/zachxbt-says-chinese-network-laundered-more-than-1-billion-for-lazarus/)

ZachXBT, the independent blockchain investigator, published an account on October 5 of an undercover operation inside a Chinese organized-crime network. He alleges the network laundered more than $1 billion stolen in attacks attributed to N…

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