Odaily Planet Daily reports that, according to on-chain detective Specter, DPRK bridged $38 million via the RelayProtocol Bridge within seven hours and continues to do so. Specter noted that despite Relay’s claim of having enabled a KYT system, it failed to prevent these activities; DPRK could not have laundered this amount through THORChain in such a short time, and Relay has provided the pathway.
38 million USD bridged via Relay in 7 hours, chain analyst claims DPRK still transferring
KuCoinFlashShare
Summary
On-chain data reveals that $38 million was transferred via the RelayProtocol Bridge in just seven hours, according to chain analyst Specter. The transfers are still ongoing, and DPRK is suspected of orchestrating the movement. Despite Relay’s KYT system, the funds were not blocked. Specter noted that THORChain could not have facilitated such rapid laundering, making Relay the likely pathway. Crypto news continues to highlight unusual on-chain activity as the transfers persist.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.