Accusations of Garden Finance laundering funds from major crypto thefts tied to North Korea.

From Cointelegraph

June 21, 2025 5:49:00 am:

Blockchain sleuth ZachXBT accuses Garden Finance of laundering funds from major crypto thefts, claiming over 80% of the platform’s fees came from illicit transactions tied to the North Korean Lazarus Group. Garden Finance founder denies allegations of centralized liquidity use and defends platform’s decentralization claims. The project has facilitated over 24,984 BTC in total volume to date.

Crypto founder Iurii Gugnin, of Evita Pay, arrested in New York on federal charges linked to a $530 million money laundering scheme. Gugnin allegedly facilitated stablecoin transactions for clients connected to sanctioned Russian banks, enabling access to sensitive US technologies. Prosecutors say the operation ran from June 2023 to January 2025, with potential life sentence if found guilty.

Read more at Cointelegraph: Garden Finance Laundered Lazarus Hack Funds