Hackers involved in the $308 million heist from the cryptocurrency exchange DMM Bitcoin in May have so far laundered over $35 million through an online marketplace in Cambodia this month, according to blockchain investigator ZachXBT.

ZachXBT reports that the funds were moved to Huione Guarantee, which operates in Cambodia and is allegedly connected to the country’s ruling Hun family, according to a July 10 post by blockchain forensics firm Elliptic.

Elliptic also notes that the marketplace has handled $11 billion in crypto from hacks, pig butchering scams, and other illegal activities.

ZachXBT suggests that the Lazarus Group might be responsible for the hack, citing “similarities in laundering techniques” and other “off-chain indicators”.

According to on-chain sleuth, the stolen …