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

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North Korean-sponsored hacking collective the Lazarus Group holds more than $47 million in stolen crypto in its digital wallets, most of which is in Bitcoin.

North Korean hacking collective Lazarus Group holds a whopping $47 million in cryptocurrency, most of which is in Bitcoin , new data shows.

According to data collated on Dune Analytics from 21.co — the parent company of 21Shares — wallets associated with the Lazarus Group currently hold around $47 million worth of digital assets, including $42.5 million in Bitcoin, $1.9 million in Ether , $1.1 million in Binance Coin and an additional $640,000 in stablecoins, primarily BUSD.

However, the amount of crypto held appears to have dropped from the $86 million the group held on Sept. 6, a few days after the Stake.com hack in which Lazarus wasThe Dune dashboard tracks 295 wallets identified by the U.S. Federal Bureau of Investigation and Office of Foreign Assets Control as being owned by the hacking group, it noted.Surprisingly, the group does not hold any privacy coins such as Monero , Dash, or Zcash which are arguably much harder to trace.

Meanwhile, Lazarus crypto wallets are still highly active with the most recent transaction being recorded on September 20. 21.co also noted that the group’s holdings are likely to be much higher than what has been reported. “We should note that this is a lower-bound estimation of Lazarus Group’s crypto holdings based on publicly available information,” it stated.

 

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