Crypto ‘unbelievably cooked’ as pseudo-DeFi profits from North Korea exploits, ZachXBT says

The detective Blockchain Zachxbt criticized pseudo-decentralized protocols to take advantage of the exploits supported by North Korea.

The management of hacks and the activity shaded by the crypto industry is under fire, the detective blockchain zachxbt calling several pseudo-decentralized protocols to enjoy North Korea-The linked exploits while avoiding responsibility.

In A telegram message On Tuesday March 18, the crypto investigator called Hacking of almost 1.5 billion dollars “Opening of the eyes”, warning that industry security problems may not improve without government regulations that could “harm our entire industry”.

According to Zachxbt, several “decentralized” protocols have generated almost all their monthly volumes and fresh transactions linked to North Korea. Despite this, notes the investigator, they “refuse to take any responsibility”.

Zachxbt’s comments seem to indicate the mixture of the Thorchain multi-money service services and multi-money protocol, which took advantage after the bad North Korean players sent the stolen relay funds through them to try to whiten. Like crypto.News reported Earlier, less than two weeks after robbery, bybit’s CEO, Ben Zhou, said that more than $ 200 million on $ 1.46 billion stolen from the exchange became untouched, partly due to the mixture of services refusing to stop North Korean pirates.

KYC as a honey pot

Zachxbt also underlined the centralized exchanges, declaring that some take “hours of several hours” to respond to the illicit funds moving through their platforms, even if the whiten “takes only a few minutes”. We do not know which exchange of the investigator was referring.

Criticizing existing security measures, he argued that knowledge of your transaction systems is “completely imperfect and easily escapable”, while the rules of your customers serve mainly as “honey pot for regular users” due to frequent violations and initiate leaks.

At the end of February, North Korean pirates targeted Bybit, one of the largest trade in cryptocurrency, flying about $ 1.46 billion in crypto in a highly sophisticated breakage. The attack would have been carried out by compromise The computer’s computer at Safe, the Bybit technology provider.