ZachXBT: Bybit hacker launders money by issuing and trading meme coins on pump.fun

ChainCatcher news, on-chain detective ZachXBT disclosed in a personal channel that a certain entity is laundering money for the Bybit hack incident by issuing and trading meme coins on pump.fun.

On February 22, the attacker received $1.08 million in funds from the Bybit hack incident through the address "0x363908…d7d1", and then cross-chain transferred USDC to the Solana chain. The entire USDC on the Solana chain was then cross-chain transferred to two addresses on the BSC chain. These two BSC addresses programmatically dispersed the USDC to over 30 addresses before finally consolidating. After that, 106,000 USDC was split into 10 BSC addresses and cross-chain transferred back to 10 Solana addresses. The money launderer exchanged the obtained SOL for meme coins.

15 hours ago, on-chain detective ZachXBT publicly revealed over 920 addresses that received funds from the Bybit hack, and discovered that a certain money launderer had issued meme coins for the North Korean hacker organization Lazarus Group through the pump.fun platform. For security reasons, specific wallet addresses are not disclosed at this time, and multiple analysis tools have been requested to take down related interfaces.