🚨 Bitcoin Enthusiasts, Stay Alert! 🚨
Blockchain investigator ZachXBT has uncovered a shocking scheme involving North Korean developers who allegedly stole $1.3 million from a project's treasury. Using fake identities, these devs injected malicious code, enabling unauthorized fund transfers. The stolen funds were funneled through Solana to Ethereum and obscured via Tornado Cash.
Since June 2024, over 25 crypto projects have been infiltrated, with a single entity in North Korea possibly receiving up to $500,000 monthly. ZachXBT advises crypto teams to enhance background checks and monitor red flags to safeguard their assets.
Stay vigilant, Bitcoiners! 🛡️💰