LiFi Volume Surge Linked to DPRK Laundering in Bybit Hack Aftermath

Blockchain investigator ZachXBT has linked the recent surge in activity for LiFi Protocol, a cross-chain bridge, to suspected North Korean hacking activities following the Bybit hack. While LiFi’s volume reached record levels, reaching $3 billion and 4.37 million transactions with over 510,000 unique users, ZachXBT highlights that this surge likely stems from money laundering connected to the recent DPRK-linked hacks. 💰