Analysts at blockchain forensic firm TRM Labs have raised concerns that North Korea may have expanded its money laundering operations. This comes after over $400 million from the $1.46 billion hack of crypto exchange Bybit was laundered in just days. The attackers used various methods, including intermediary wallets, crypto swaps, decentralized exchanges, and cross-chain bridges, to hide the trail of the stolen funds. It is noted that North Korean hackers typically use crypto mixers, but the scale of the Bybit incident has forced them to adopt new methods. The stolen funds have been sent to the Bitcoin network, indicating a potential large-scale liquidation through over-the-counter networks in the future.



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