According to ZachXBT, Bybit testing addresses have been identified as being connected to laundering activities on the Tron network related to the Phemex hack. These findings, in collaboration with Josh from CF, were shared to earn a bounty from Arkham, highlighting the ongoing risks and vulnerabilities in cryptocurrency platforms that traders should be aware of.

According to ZachXBT, there is evidence of overlapping laundering activities in three separate hacks attributed to the Lazarus Group. This suggests a pattern in their operations and may indicate coordinated efforts in laundering stolen funds.