SlowMist Cosine: While Chainflip successfully blocks North Korean hackers from laundering money, its AML/KYT speed lags behind.

TechFlow: On September 29, Cosine, founder of SlowMist, stated that through continuous tracking of on-chain activity, although cross-chain protocol Chainflip has implemented measures to block money laundering by North Korean hackers, the response time of AML/KYT (anti-money laundering/on-chain transfer tracing) still lags behind the hackers' laundering operations.

The hacker syndicate has automated large-scale fund splitting and utilizes various cross-chain bridges to move assets across different blockchain networks. Once risk controls are triggered or transfers are intercepted and reverted, the system instantly switches to alternative routes. Ultimately, all relevant funds are swapped into Bitcoin (BTC) and further obfuscated using the CoinJoin mixing technology on the Bitcoin network. This money laundering operational model continues to evolve and upgrade.