A post by @WuBlockchain on X.

North Korean-linked hackers moved approximately $38 million through cross-chain bridge Relay Protocol in just seven hours, according to on-chain analyst Specter, with transfers still ongoing at the time of reporting. The movement highlights how the hackers bypassed Relay's Know Your Transaction (KYT) monitoring system, which failed to block the transfers despite the protocol's claims of having such controls in place. Specter noted that moving a similar amount through THORChain in the same timeframe would have been far more difficult, raising questions about Relay's compliance and risk-control standards. Relay Protocol is a cross-chain interoperability platform enabling asset transfers across multiple blockchains, making it an attractive venue for laundering large sums quickly. The incident underscores ongoing scrutiny of cross-chain bridges as conduits for North Korean illicit funds. Watch for whether Relay responds with tightened controls and whether the transfers continue or are traced to additional addresses.