| Time | Details |
|---|---|
| 2024-10-23 12:51 |
Chinese OTC Trader Linked to Lazarus Group's Crypto Conversions
According to ZachXBT, Yicong Wang, a Chinese over-the-counter (OTC) trader, has been instrumental in assisting the Lazarus Group, a notorious hacking collective, in converting tens of millions of dollars worth of stolen cryptocurrency into cash. This conversion has been conducted primarily through bank transfers since 2022, highlighting significant risks in crypto-to-fiat transactions and the involvement of OTC traders in illicit activities. (Source) |