Meet Yicong Wang (王逸聪), a Chinese OTC trader who has helped Lazarus Group

2024-10-23 Zach XBT Meet Yicong Wang, a Chinese OTC trader who has helped Lazarus Group

https://archive.md/mAKxA

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ZachXBT alleges that Chinese OTC trader Yicong Wang helped Lazarus Group convert tens of millions of dollars in stolen cryptocurrency to cash through bank transfers and off-platform P2P trades since 2022. The thread links Wang to Tron and Ethereum wallets, pseudonyms including Seawang, Greatdtrader, and BestRhea977, and laundering exposure from Alex Labs, an Irys co-founder phishing theft, and prior Lazarus-linked hacks. It traces funds through privacy protocols, bridges, Tornado Cash, Tether-blacklisted addresses, and Tron wallets tied to Wang, including roughly $17 million consolidated from more than 25 Lazarus hacks and recent August 2024 transfers. The claims rest on on-chain timing analysis and wallet clustering rather than malware evidence.

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