Onchain investigator ZachXBT says Solana DeFi project ElementalDeFi employed DPRK IT worker

According to ZachXBT (blockchain investigator), the Solana DeFi (decentralized finance) project ElementalDeFi had a Democratic People’s Republic of Korea IT worker on payroll for years.

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Terms & Concepts
  • Onchain investigator: A researcher who tracks blockchain activity and related entities using public ledger data and digital evidence.
  • DeFi: Decentralized finance, a set of blockchain-based financial services that operate without traditional intermediaries.
  • Solana: A blockchain network designed for high-speed transactions and decentralized applications.