Zachxbt said that "incredibly cooked" crypto, just as the profits of pseudo-defi from North Korea benefit from North Korea

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Blockchain Sluce ZACHXBT has condemned pseudo-decentralized protocols to benefit from North Korea-backed exploits.

The handling of hacking and shaded activities in the Crypto industry is occurring, and blockchain detective ZachxBT is calling for several pseudo-decentralized protocols to profit from North Korea-related exploits while avoiding responsibility.

In a telegram post on Tuesday, March 18, crypto investigators called the roughly $1.5 billion bibit hack, “eye opening,” warning that without government regulations that could “harm the entire industry,” industry security issues might not be improved.

According to ZACHXBT, several “distributed” protocols generate almost all of the monthly volumes and fees from North Korea-linked transactions. Nevertheless, investigators say they “reject accountability.”

Zachxbt’s comments seem to point out a mix of service exchanges and multi-currency protocol Thorchain, among other things. As previously reported by Crypto.News, less than two weeks after the robbery, Bybit CEO Ben Zhou said more than $200 million of the $1.46 billion stolen from the exchange became untraceable.

Kyc as a honeypot

Zachxbt also pointed to a centralized exchange, saying it would take “hours” to respond to illegal funds moving the platform, despite “only a few minutes” in the laundry. It is unknown which exchange was mentioned by investigators.

Criticizing existing security measures, he claims he knows that your transaction system is “completely flawed and easily avoidable”, but knows that customer rules primarily act as “honeypots for regular users” due to frequent violations and insider leaks.

In late February, North Korean hackers targeted Bybit, one of the largest cryptocurrency exchanges, and stole around $1.46 billion worth of codes in a highly sophisticated robbery. The attack reportedly was caused by compromising on the computers of employees at SAFE, a technology provider for BYBit.

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