The North Korean hacking group generally known as Lazarus Group reportedly has holdings of over $47 million in cryptocurrency, with the bulk in Bitcoin (BTC).
According to a report from the institutional crypto platform supplier 21.co, wallets linked to Lazarus Group include round 1,600 Bitcoin, 10,810 Ether (ETH), and 64,490 Binance Coin (BNB).
In complete, the hacker group’s wallets contained crypto value a staggering $75 million on the time of the report.
21.co compiled the information from a Dune Analytics dashboard that tracks 295 wallets recognized by the US authorities as belonging to Lazarus Group.
Notably, the quantity of crypto held by the group seems to have decreased from the $86 million it held on September 6, shortly after the Stake.com hack wherein Lazarus was implicated.
The crypto on line casino Stake.com was hacked for about $40 million on September 4.
Actual quantity seemingly greater
While the reported holdings are vital, 21.co believes that the precise quantity could also be a lot greater, and the estimate was referred to as a “lower-bound estimation” primarily based on publicly accessible data.
“If you have identified or are aware of any other hacks that have been disclosed, please contact us so we can track the assets in this dashboard,” the agency wrote within the report.
Long record of crypto heists
Lazarus Group’s actions contains the current assault on crypto change CoinEx, which earlier in September was drained for no less than $28 million value of crypto.
Other main assaults that Lazarus Group is suspected to be behind contains the large $620 million theft from Sky Mavis’ Ronin Bridge, a $100 million theft from Harmony’s Horizon Bridge, and a $100 million theft from Atomic Wallet.
According to the US authorities, half of North Korea’s missile funding comes from cybercrimes and crypto theft, and in line with a White House official there’s an ongoing effort to know how a nation like North Korea “is so darn creative in this space.”
https://cryptonews.com/news/data-shows-north-korean-lazarus-group-accumulated-bitcoin-valued-over-40m.htm
