ZachXBT Infiltrates Crypto Syndicate Tied to $1.5B Bybit Hack

ZachXBT Reveals Chinese Money Laundering Collective Infiltration

ZachXBT, one of the most renowned blockchain sleuths, revealed that he infiltrated a Chinese crypto money laundering group in 2025.

The infiltration began in February, shortly after Bybit was hacked by a group called TraderTraitor, which siphoned over $1.5 billion in crypto assets from the exchange wallets. ZachXBT identified several users in public Discord and Telegram groups asking for support for orders directly linked to stolen funds from Bybit, in the same way that threat actors linked to the receiver Bitget hack are now openly creating support tickets for orders in public groups.

Posing as a customer, ZachXBT funded an address with nearly $350K USDC, intending to make transactions and gain the trust of Jimmy Green, an account tied to Bybit hack funds.

After several exchanges, ZachXBT established a bond with Green. The individual started sharing more intelligence, announcing that the group would process funds from the Bybit hack before it happened, and also shared more details of their operations.

Surprisingly, Green stressed that the group he worked for had “honest businessmen,” mentioning that integrity came first.

ZachXBT disclosed Green’s team laundered most of the $1.5 billion from the Bybit hack. “The usdt I give you is clean, won’t freeze. We are professional in making partitions. This time, almost all the 1.5 billion ETH was laundered by our team,” Green pointed out.

“At this point, I realized I needed to continue losing 5% per order and gamble on capturing as much actionable intel as quickly as possible,” ZachXBT stated. After this, he also linked Green’s group to a cluster of $12 million Bybit exploit funds that were swapped between BTC, ETH, SOL, and TRX in real time.

In another exchange, ZachXBT traced some of the funds Green mentioned were blocked to another group related to the Poloniex exploit. Similarly, ZachXBT also identified $3 million that Green laundered for another customer to Huione Guarantee, a peer-to-peer marketplace operated by Huione Group, which laundered over $70 billion in crypto over the last 5 years.

“I hope to continue receiving grants from foundations and donations from individuals,” said ZachXBT, stressing that he funded this operation on his own, losing 5% in every completed exchange, risking total loss if Green disappeared and his personal security if he was discovered.

“If this case resonates with you and you’re in a position to support it, feel free to reach out,” the controversial investigator concluded, lamenting that he could not share his findings due to the sensitivity of the investigation.