ZackXBT
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Investigation đ¨ââď¸đ
𼡠ZachXBT is continuing his investigation into the $330M (3,520 $BTC ) theft.
The victim was an elderly U.S. citizen, with funds drained through social engineering.
Two suspects have emerged â both have since wiped their social media:
⢠Nina/Mo â a Somali national allegedly ran a phishing call center in Camden, UK.
⢠W0rk â helped build the fake site and handled calls.
So far, over $7M has been frozen thanks to efforts by ZachXBT and Binance.
The investigation is still ongoing.
$BTC
#BTCčľ°ĺżĺć #investigation #theft #ZackXBT
The victim was an elderly U.S. citizen, with funds drained through social engineering.
Two suspects have emerged â both have since wiped their social media:
⢠Nina/Mo â a Somali national allegedly ran a phishing call center in Camden, UK.
⢠W0rk â helped build the fake site and handled calls.
So far, over $7M has been frozen thanks to efforts by ZachXBT and Binance.
The investigation is still ongoing.
$BTC
#BTCčľ°ĺżĺć #investigation #theft #ZackXBT
Update:- HL 50x WHALE revealed his identity and challenging ZackXBT to prove accusations
#whale #BTC #ZackXBT #Hyperliquid #binanceNo1
#whale #BTC #ZackXBT #Hyperliquid #binanceNo1
đ¨ Crypto Under Fire! Bybit Hack Exposes Major Industry Weaknesses đĽ
The crypto world is buzzing after ZachXBT, a well-known blockchain investigator, exposed massive security gaps following the $1.4 billion Bybit hack. He pointed out that both centralized exchanges (CEXs) and decentralized protocols (DeFi) are failing to stop illegal fund movements, making it easier for hackers to launder stolen assets.
Hereâs whatâs shocking:
đ° Some DeFi platforms earned nearly 100% of their fees from wallets linked to North Korea, raising serious questions about their compliance.
âł Centralized exchanges take hours to flag suspicious transactions, allowing criminals to move money before detection.
â ď¸ KYC (Know Your Customer) isnât foolproofâhacked or bought accounts let bad actors bypass security measures easily.
The Bybit hack, linked to the Lazarus Group (a notorious North Korean cybercrime syndicate), highlights critical flaws in how crypto platforms handle security. Experts are now pushing for stronger anti-money laundering (AML) measures and faster response systems to protect users and their funds.
đ How can YOU stay safe?
â Store your crypto in cold wallets instead of exchange hot wallets.
â Enable multi-factor authentication (MFA) for extra security.
â Be cautious with DeFi platforms that lack transparency.
Is the crypto industry too vulnerable? Or will these hacks push for real change? Letâs discuss! đđĽ
#BybitHack #ZackXBT
The crypto world is buzzing after ZachXBT, a well-known blockchain investigator, exposed massive security gaps following the $1.4 billion Bybit hack. He pointed out that both centralized exchanges (CEXs) and decentralized protocols (DeFi) are failing to stop illegal fund movements, making it easier for hackers to launder stolen assets.
Hereâs whatâs shocking:
đ° Some DeFi platforms earned nearly 100% of their fees from wallets linked to North Korea, raising serious questions about their compliance.
âł Centralized exchanges take hours to flag suspicious transactions, allowing criminals to move money before detection.
â ď¸ KYC (Know Your Customer) isnât foolproofâhacked or bought accounts let bad actors bypass security measures easily.
The Bybit hack, linked to the Lazarus Group (a notorious North Korean cybercrime syndicate), highlights critical flaws in how crypto platforms handle security. Experts are now pushing for stronger anti-money laundering (AML) measures and faster response systems to protect users and their funds.
đ How can YOU stay safe?
â Store your crypto in cold wallets instead of exchange hot wallets.
â Enable multi-factor authentication (MFA) for extra security.
â Be cautious with DeFi platforms that lack transparency.
Is the crypto industry too vulnerable? Or will these hacks push for real change? Letâs discuss! đđĽ
#BybitHack #ZackXBT
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