ZachXBT says posing as a client exposed a $1 billion crypto laundering syndicate
Investigator ZachXBT says he joined a Chinese laundering ring as a fake client, tracing Bybit funds and a reported 442,000 USDT freeze.
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ZachXBT Says He Spent $349,700 of His Own Money to Pose as a Client of an Alleged Bybit Laundering Network
Blockchain investigator ZachXBT says he posed as a client of an alleged laundering network, which he says led to a 442,000 USDT freeze.
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Investigator ZachXBT says he posed as a customer while investigating a network he alleges moved funds stolen from Bybit.
He says evidence from the investigation helped lead to 442,000 USDT being frozen by Tether.
The network’s alleged role—and his estimate that it moved more than $1 billion—has not been independently confirmed.
A freeze does not mean the money has been returned to victims.