Suspected North Korean hackers move $1.46M through Jupiter Lend and Circle Bridge using 35 intermediary wallets for laundering.
Security & Exploits ·
On-chain analysts have identified a flow of $1.46 million attributed to suspected North Korean hackers moving through Jupiter Lend and Circle Bridge using a network of 35 intermediary wallets. The movement suggests an attempt to obscure the origin and destination of the funds across multiple on-chain venues.
The scheme involved routing assets through Jupiter Lend, a lending protocol, followed by transfers via Circle Bridge, which facilitates cross-chain asset movement. The use of dozens of separate wallet addresses creates a layering effect typical of money-laundering attempts, fragmenting the transaction trail across multiple intermediaries.
The transferred funds remain on-chain and traceable, but have not yet been frozen or seized. The incident underscores the ongoing challenge of detecting and intercepting illicit crypto flows even when the activity is publicly visible on blockchains, and raises questions about the monitoring and compliance mechanisms available to protocol operators and bridge services.