A $1B Laundering Ring Hid in Plain Sight
After the $1.5 billion Bybit theft, blockchain investigator ZachXBT says he found alleged money launderers asking for help in public Telegram and Discord chats.
Posing as a client, he says he routed $349,700 in USDC through one contact, accepting roughly 5% in costs to build trust. The contact then shared wallet addresses, transaction screenshots and details of where funds would move next.
ZachXBT traced a cluster of more than $12 million allegedly linked to the Bybit theft as it moved through Bitcoin, Ethereum, Solana and Tron. Tether later froze about $442,000 in USDT tied to that cluster.
The investigator says the same network discussed $332,000 from the Poloniex hack and roughly $3 million from another fraud victim. His estimate: a Chinese laundering syndicate may have processed more than $1 billion stolen by Lazarus Group across multiple hacks.
ZachXBT says the evidence has been sent to law enforcement.
@SableIndex | @SableIndexOTC
After the $1.5 billion Bybit theft, blockchain investigator ZachXBT says he found alleged money launderers asking for help in public Telegram and Discord chats.
Posing as a client, he says he routed $349,700 in USDC through one contact, accepting roughly 5% in costs to build trust. The contact then shared wallet addresses, transaction screenshots and details of where funds would move next.
ZachXBT traced a cluster of more than $12 million allegedly linked to the Bybit theft as it moved through Bitcoin, Ethereum, Solana and Tron. Tether later froze about $442,000 in USDT tied to that cluster.
The investigator says the same network discussed $332,000 from the Poloniex hack and roughly $3 million from another fraud victim. His estimate: a Chinese laundering syndicate may have processed more than $1 billion stolen by Lazarus Group across multiple hacks.
ZachXBT says the evidence has been sent to law enforcement.
@SableIndex | @SableIndexOTC
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XRP Ledger bug could have minted billions of fake coins
A flaw in XRP Ledger’s payment engine may have let attackers create XRP beyond the network’s fixed supply with a specially crafted transaction. The bug appears to have existed since 2015.
Developers patched it in a recent update and say they found no evidence of widespread exploitation.
@SableIndex | @SableIndexOTC
A flaw in XRP Ledger’s payment engine may have let attackers create XRP beyond the network’s fixed supply with a specially crafted transaction. The bug appears to have existed since 2015.
Developers patched it in a recent update and say they found no evidence of widespread exploitation.
@SableIndex | @SableIndexOTC
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Wallet theft reports raise iPhone exploit questions
Crypto-wallet users have reported Trust Wallet and Tonkeeper losses, including the claimed theft of a +888 Telegram anonymous number. One user says a Trust Wallet and a Keeper account were drained on 4 October: both were used on an iPhone 15.
DarkSword is a documented iOS exploit chain. Google Threat Intelligence says it has targeted iOS 18.4–18.7 and can use a compromised website to access device data, including crypto-wallet information.
In the media sphere, six victims are currently known of.
@SableIndex | @SableIndexOTC
Crypto-wallet users have reported Trust Wallet and Tonkeeper losses, including the claimed theft of a +888 Telegram anonymous number. One user says a Trust Wallet and a Keeper account were drained on 4 October: both were used on an iPhone 15.
DarkSword is a documented iOS exploit chain. Google Threat Intelligence says it has targeted iOS 18.4–18.7 and can use a compromised website to access device data, including crypto-wallet information.
In the media sphere, six victims are currently known of.
@SableIndex | @SableIndexOTC
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Binance drained for $2.53B?
Binance appears to be facing a major on-chain exploit. Analysts estimate more than $2.5B drained from hot wallets across 60+ tokens. Tether froze ~$971M USDT and Circle ~$823M USDC.
Binance has yet to issue an official statement. Former CEO Changpeng Zhao (CZ) says user funds are safe.
@SableIndex | @SableIndexOTC
Binance appears to be facing a major on-chain exploit. Analysts estimate more than $2.5B drained from hot wallets across 60+ tokens. Tether froze ~$971M USDT and Circle ~$823M USDC.
Binance has yet to issue an official statement. Former CEO Changpeng Zhao (CZ) says user funds are safe.
@SableIndex | @SableIndexOTC
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The last month have been grim for crypto.
Binance moved about $5.68 billion from a labelled hot wallet to a new address.
Polymarket paused its international platform after users reported unauthorized withdrawals. The company blamed a compromised third-party provider and promised reimbursement; researchers linked the script to DebugBear. Estimates of 995 affected accounts and $2.65 million remain unconfirmed.
(original post from @/caronpolymarket deleted)
Ledger says at least one CryptoBilis-sold device contained an implant that captured recovery phrases and transmitted them over LTE. On-chain loss estimates range from $86 million to $102 million, without a confirmed total.
Bitget confirmed $387.5 million incident happened on Sept 24. Withdrawals were restored by Oct 2.
@SableIndex | @SableIndexDiscussion
Binance moved about $5.68 billion from a labelled hot wallet to a new address.
Polymarket paused its international platform after users reported unauthorized withdrawals. The company blamed a compromised third-party provider and promised reimbursement; researchers linked the script to DebugBear. Estimates of 995 affected accounts and $2.65 million remain unconfirmed.
(original post from @/caronpolymarket deleted)
Ledger says at least one CryptoBilis-sold device contained an implant that captured recovery phrases and transmitted them over LTE. On-chain loss estimates range from $86 million to $102 million, without a confirmed total.
Bitget confirmed $387.5 million incident happened on Sept 24. Withdrawals were restored by Oct 2.
@SableIndex | @SableIndexDiscussion
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