According to Lookonchain, the $LIBRA and $MELANIA insider team appears to be involved in fund laundering. They reportedly spent 19,846 $SOL, equivalent to $2.76 million, on a low-cap memecoin (POPE) with a market cap under $150,000. Subsequently, they sold it for only 175 $SOL, or $24,000, resulting in a loss of $2.73 million. This significant loss suggests funds were funneled to other wallets, raising concerns about potential financial misconduct. This transaction highlights the risks of trading with lesser-known cryptocurrencies and the importance of monitoring unusual trading activities.

According to Lookonchain, a hacker associated with the Lazarus Group has transferred 10,000 ETH (valued at $27 million) to Bybit Exploiter 54 to begin laundering the funds. The hacker still retains 489,395 ETH, valued at approximately $1.32 billion, and 15,000 cmETH in 53 other wallets, although the cmETH is currently non-withdrawable. This activity suggests significant market implications as such large-scale transfers could influence ETH liquidity and volatility.

According to MistTrack_io, there is a warning directed at those attempting to launder funds. MistTrack_io observes that despite two days passing, the funds have not been returned. The tweet suggests that the longer the laundering process continues and the more projects involved, the more clues will be left behind, increasing the chances of detection.