SlowMist Reports North Korean Hackers Laundering Stolen Bitget Funds via CoW and Chainflip

Security firm SlowMist reports that North Korean hackers are laundering funds stolen from Bitget by utilizing CoW Protocol and Chainflip to convert assets into Bitcoin. Despite Chainflip's attempts to block certain transactions, automated scripts are bypassing these measures by fragmenting transfers across multiple bridges. The investigation, which traced the initial compromise back to a zero-day vulnerability on a third-party product on August 31, highlights the challenges in preventing automated money laundering on permissionless platforms.