ME News reports that on November 1 (UTC+8), 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. (Source: ODAILY)
38 million USD bridged via Relay in 7 hours; DPRK suspected of ongoing transfers
KuCoinFlashShare
Summary
On-chain data from November 1 (UTC+8) shows $38 million moved through the RelayProtocol Bridge in seven hours, with DPRK suspected of ongoing transfers. Chain analyst Specter noted the activity circumvented Relay’s KYT system. DPRK could not have executed such rapid laundering via THORChain, making Relay the likely pathway. Crypto news outlets are highlighting the incident as a major on-chain event.
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.