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Meet Yicong Wang (王逸聪), a Chinese OTC trader who has helped Lazarus Group

2024-10-23, ZachXBT
https://archive.md/mAKxA
#AlexLab #Lazarus #MoneyLaundering

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1/ Meet Yicong Wang (王逸聪), a Chinese OTC trader who has helped Lazarus Group convert tens of millions of stolen crypto to cash from various hacks via bank transfers since 2022.



2/ A follower reached out to me a few months ago after having their exchange account frozen after completing a P2P transaction with Yicong Wang an OTC who has used pseudonyms like Seawang, Greatdtrader, & BestRhea977

3/ They then shared one of Yicong Wang’s Tron wallet addresses with me from a screenshot of their WeChat conversation.

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4/ Recently they reached back out after having been approached by Yicong Wang for a larger USDT -> CNY order on August 13, 2024 involving ~1.5M USDT at a rate much lower than the market rate.

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5/ When reviewing blockchain data tied to Yicong Wang you will notice high illicit fund exposure from the Alex Labs, Irys co-founder, and a …