ChainCatcher report: 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.
DPRK transfers $38M via RelayProtocol Bridge in 7 hours
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Summary
The DPRK moved $38 million through cross-chain bridges in seven hours via the RelayProtocol Bridge. Chain analyst Specter noted that the blockchain bridge activity bypassed Relay’s KYT system. Funds were routed through RelayProtocol, not THORChain, due to time constraints. The transfer is still ongoing.
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