ZachXBT exposes $1B crypto laundering syndicate

6.7 Security

Oct 5, 2026

ZachXBT infiltrated a Chinese syndicate laundering $1B from crypto hacks, including Bybit. His efforts led to frozen funds and exposed laundering tactics across major blockchains.

ZachXBT, a renowned blockchain investigator, went undercover to infiltrate a Chinese crime syndicate responsible for laundering over $1 billion linked to multiple blockchain exploits, including the $1.5 billion Bybit hack in February 2025. By posing as a client and risking hundreds of thousands of dollars in transactions, ZachXBT gained the trust of syndicate members, notably one known as "Jimmy Green." He traced the movement of stolen funds across blockchains such as Bitcoin, Ethereum, Solana, and Tron, identifying wallet clusters and addresses tied to the Bybit hack. His investigation resulted in the freezing of significant stolen assets, including 442,000 USDT, and exposed the syndicate's laundering tactics involving Uniswap liquidity pools and low-liquidity tokens. The intelligence was shared with private investigators and law enforcement, underscoring the ongoing security challenges in the crypto industry and the urgent need for stronger protective measures.