Vultisig founder says DPRK-linked Bybit transactions are ‘legitimate’
Crypto sleuth ZachXBT has called out a crypto wallet firm Vultisig for crowing about $200,000 it generated in revenue that is largely made up of crypto stolen from Bybit and laundered by North Korea. THORChain founder John-Paul Thorbjornsen claimed the $200,000 in revenue was made through swaps via his multi-chain crypto wallet firm Vultisig. However, ZachXBT noted, “a good chunk of that revenue is being generated from the Bybit hack.” He said, “DPRK has been doing BTC -> BNB or AVAX TC swaps via Vultisig for the past few days in size.” JP I hope you realize a good chunk of that revenue is being generated from the Bybit hack. DPRK has been doing BTC -> BNB or AVAX TC swaps via Vultisig for the past few days in size. pic.twitter.com/yy9S4JRdIm — ZachXBT (@zachxbt) March 20, 2025 ZachXBT’s screenshots show BTC increments worth between $50,000 and $200,000 being swapped with Vultisig. Read more: FBI confirms North Korean ‘TraderTraitor’ to blame for $...