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North Korean hackers moved 38M via Relay protocol in 7 hours On-chain analyst reported that North Korean hackers transferred approximately 38M via Relay protocol in seven hours, with transfers still ongoing at time of post. Despite Riley's claims that you have a monitoring system (KYT) in place, it failed to block the transfers. Specter noted that North Korean hackers would have struggled to move such a large amount through THORChain in the same time frame, raising questions about Riley's compliance and risk controls. The Relay Protocol is a cross-chain bridge and interoperability protocol that enables asset transfers across multiple blockchains. link

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Wu Blockchain · Crypto · · Source

🇰🇵 North Korea · Map

North Korean hackers moved 38M via Relay protocol in 7 hours On-chain analyst reported that North Korean hackers transferred approximately 38M via Relay protocol in seven hours, with transfers still ongoing at time of post. Despite Riley's claims that you have a monitoring system (KYT) in place, it failed to block the transfers. Specter noted that North Korean hackers would have struggled to move such a large amount through THORChain in the same time frame, raising questions about Riley's compliance and risk controls. The Relay Protocol is a cross-chain bridge and interoperability protocol that enables asset transfers across multiple blockchains. link

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