SlowMist's Cos: Chainflip bridge is striving to block North Korean hackers from laundering coins, but on-chain transaction tracking speed lags behind.

BlockBeats news, September 29: SlowMist founder Yu Xian posted that a cruel fact is that after following up for several hours on the Bitget hacker activity, the Chainflip bridge was indeed working very hard to block North Korean hackers from laundering coins. Unfortunately, AML/KYT (anti-money laundering/on-chain transaction tracking) lags behind the hackers' coin laundering speed. The coin laundering gang automates the scattering of large amounts of funds, crossing to different chains through various bridges. If they are risk-controlled or blocked and returned, they immediately try the next coin laundering path. Ultimately, all will be swapped into BTC, and then on the Bitcoin network, they continue to obfuscate and launder coins using CoinJoin (a coin mixing method on Bitcoin). This is a constantly evolving coin laundering engineering effort.