On-chain investigator Specter said DPRK moved $38 million through RelayProtocol Bridge within seven hours and that the activity was still ongoing at the time of the alert. According to Specter, the transfers continued despite Relay’s claim that it had enabled a KYT system. Specter also said DPRK would not have been able to launder the funds through THORChain in such a short window, and argued that Relay effectively opened a route for the money to move. The update was reported by ChainCatcher as a 7x24 newsflash.
ChainCatcher reported, citing on-chain investigator Specter, that DPRK bridged $38 million through RelayProtocol Bridge within seven hours, with the activity still continuing.
Specter said that although Relay claimed to have enabled a KYT system, it did not stop the transactions. Specter also said DPRK could not have laundered the funds through THORChain in such a short period, and that Relay opened the channel for the transfers.
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