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SlowMist founder says Chainflip works to block North Korean fund laundering

  • Cos said Chainflip is working to block North Korean hacking groups laundering stolen funds.
  • AML and KYT solutions are lagging behind attackers' laundering speed, Cos said.
  • Chainflip is identified as a cross-chain liquidity protocol.

SlowMist founder Cos said Chainflip, a cross-chain liquidity protocol, is making significant efforts to prevent North Korean hacking groups from laundering stolen funds. He added that AML (anti-money-laundering) and KYT (know-your-transaction) solutions are lagging behind the speed of the attackers' laundering activity.

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