A scandal has erupted in the crypto community following allegations that ZachXBT, a renowned blockchain sleuth, is linked with the hacker group Lazarus, known for major cyberattacks.
Who is ZachXBT and His Role in Crypto
ZachXBT is widely recognized in the crypto world for his investigations into scams and hacks. He uses blockchain analysis expertise to track funds, trace illicit transactions, and expose bad actors. His work is supported by blockchain data and real-world evidence, including court documents and social media activity.
Connection with Lazarus Group and Bybit Hack
In February, after a three-week break, ZachXBT returned to Telegram warning of suspicious transactions totaling $1.46 billion. Initially praised for quick action, rumors soon emerged linking him to the Lazarus Group, suspected of orchestrating the Bybit attack. This has raised suspicion due to its timing with the largest hack in crypto history.
Suspicions and Community Reaction
Amidst rumors, the analytics firm ChainCis released a report linking ZachXBT to key hacks, including the $600M Ronin bridge heist. The firm stated that they previously repeated ZachXBT’s findings without delving into his actions. The revelation has sparked debates and numerous theories across social media.
The scandal surrounding ZachXBT raises many questions about trust in the crypto industry. This case highlights the importance of verifying even the most respected investigators in the crypto world.
