According to BlockBeats, on July 14, on-chain detective ZachXBT posted on X that as of July 2024, more than $35 million of the $305 million loss caused by the DMM Bitcoin hacker attack had been laundered to the online market Huione Guarantee. Due to the similarities between money laundering techniques and off-chain indicators, people suspected that the Lazarus Group was behind the hacker attack.

Over the weekend, Tether blacklisted a wallet address on Tron associated with Huione, which contained $29.6 million. The DMM Bitcoin hack resulted in about $14 million flowing into the wallet within three days.