North Korean Lazarus Group amasses over $40M in Bitcoin, data reveals

North Korean hacking collective Lazarus Group holds a whopping $47 million in cryptocurrency, most of which is in Bitcoin (BTC), new information exhibits.

In line with information collated on Dune Analytics from 21.co, the dad or mum firm of 21Shares, wallets related to the Lazarus Group presently maintain round $47 million price of digital belongings, together with $42.5 million in BTC, $1.9 million in Ether (ETH), $1.1 million in BNB (BNB) and an extra $640,000 in stablecoins, primarily Binance USD (BUSD).

Nevertheless, the quantity of crypto held seems to have dropped from the $86 million the group held on Sept. 6, a number of days after the Stake.com hack in which Lazarus was implicated.

The Dune dashboard tracks 295 wallets recognized by america Federal Bureau of Investigation (FBI) and Workplace of International Property Management (OFAC) as being owned by the hacking group, it famous.

Surprisingly, the group doesn’t maintain any privateness cash, comparable to Monero (XMR), Sprint (DASH) or Zcash (ZEC), that are arguably a lot tougher to hint.

In the meantime, Lazarus crypto wallets are nonetheless extremely lively, with the newest transaction being recorded on Sept. 20.

21.co additionally famous that the group’s holdings are more likely to be a lot greater than what has been reported. “We should always be aware that it is a lower-bound estimation of Lazarus Group’s crypto holdings based mostly on publicly out there data,” it acknowledged.

Associated: 3 steps crypto investors can take to avoid hacks by the Lazarus Group

On Sept. 13, Cointelegraph reported that Lazarus Group carried out the attack on crypto exchange CoinEx, which misplaced a minimum of $55 million.

The FBI has additionally pointed the finger at Lazarus for the Alphapo, CoinsPaid and Atomic Pockets hacks, which collectively added as much as greater than $200 million that the group stole in 2023.

Nevertheless, Chainalysis reported that crypto thefts by North Korea-linked hackers are down a whopping 80% from 2022. As of mid-September, North Korea-linked teams had stolen a complete of $340.4 million in crypto, down from a report $1.65 billion in pilfered digital belongings in 2022.

Late final week, U.S. federal authorities warned of “important threat” for potential assaults on U.S. healthcare and public well being sector entities by Lazarus Group.

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