Recently a team reached out to me for assistance after $1.3M was stolen
2024-08-15 • Zach XBT •
The thread describes a crypto team losing $1.3 million from its treasury after malicious code was pushed by developers later assessed to be DPRK IT workers using fake identities. The investigator mapped related developer payment addresses across more than 25 crypto projects, with about $375,000 in recent payments and a larger $5.5 million flow to an exchange deposit address connected to payments from July 2023 through 2024. The stolen funds reportedly moved from Solana to Ethereum via deBridge, with deposits to Tornado Cash and exchanges. The source flags hiring indicators such as referral clusters, fake IDs, thin or misleading resumes, location inconsistencies, and replacement accounts appearing after a suspected worker is fired.