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Wu Blockchain forwarded a report from on-chain analyst Specter: North Korean hackers transferred approximately $38 million in 7 hours via Relay Protocol.
Wu Blockchain reported, citing on-chain analyst Specter, that North Korean hackers transferred approximately $38 million via Relay Protocol within 7 hours, and the transfers were still ongoing at the time of the post. Despite Relay claiming to have a KYT (Know Your Transaction) monitoring system, it failed to prevent these transfers. Specter noted that it would be difficult for North Korean hackers to transfer such a large amount of funds through THORChain within the same timeframe, raising questions about Relay's compliance and risk control.
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