ZachXBT Exposes US Law Firms' Tactics in Hacking Claims

Severity: Medium (Score: 48.9)

Sources: Chaincatcher, Panewslab

Summary

ZachXBT, an on-chain detective, revealed that some US law firms are only getting involved in hacking claims after completing on-chain fund tracking or freezing. This practice reportedly hinders victims from receiving compensation or recovering funds. In incidents linked to the Lazarus Group, these firms file legal actions that are weakly related to the crypto incidents. Similar tactics have been observed in cases involving Harmony and Bybit, where firms engage in 'free-riding claims.' ZachXBT has called for the establishment of a decentralized autonomous organization (DAO) to combat these practices. The situation highlights a significant issue in the intersection of law and cryptocurrency recovery efforts. Key Points: • Certain US law firms intervene in hacking claims only after fund tracking is complete. • Victims may struggle to recover funds due to the firms' weak legal actions. • ZachXBT advocates for a DAO to resist exploitative practices in crypto incident claims.

Key Entities

• Lazarus Group (apt_group)