PANews reported on October 23 that crypto detective ZachXBT disclosed on the X platform: "A Chinese OTC trader named 'Wang Yicong' has helped Lazarus Group convert tens of millions of dollars of cryptocurrencies stolen from various hacker attacks into cash through bank transfers since 2022. A few months ago, a follower Wang (an OTC trader who has used pseudonyms such as Seawang, Greatdtrader, and BestRhea977) contacted me after his trading account was frozen after completing a P2P trade. They then shared with me a Tron wallet address of Wang Yicong from a screenshot of the WeChat conversation: THsSCBGazjjho7u2BQQsmrpbDv1Q237FL4. Recently, Wang Yicong contacted them to place a larger USDT to CNY order involving approximately $1.5 million on August 13, 2024, at an exchange rate far below the market rate. The address in question is THjaAygUNkzoXufwEoKCzbUZHpsehL9rAZ. When reviewing the blockchain data associated with Wang Yicong, you will notice the integration of large amounts of illicit funds from the Irys co-founder, Alex Labs, and other hacks involving EasyFi, Bondly, Maverick co-founders, etc. ”