On-chain investigator: Over $38 million transferred via Relay cross-chain from North Korea-linked addr

North Korea-linked addresses moved over $38 million across chains via the Relay bridge within a 7-hour window on November 1, according to on-chain investigator Specter, with transfers still ongoing at the time of reporting. The funds were routed through Relay's cross-chain infrastructure, and Specter noted that Relay's transaction monitoring (KYT) system, despite being enabled, failed to block the flows. The episode highlights persistent laundering risk tied to DPRK-linked exploits and raises questions about the effectiveness of KYT controls on cross-chain bridges. Watch for whether Relay freezes or flags additional addresses, further movement of the funds to exchanges or mixers, and any follow-up disclosures from Specter or the bridge operator.