Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

Lazarus Group Returns to Tornado Cash

March 14, 2024
Reading Time: 3 mins read
in News
Lazarus Group Returns to Tornado Cash

The Lazarus Group, an infamous cybercriminal organization linked to North Korea, has resurfaced in the news for allegedly laundering $23 million through Tornado Cash, an old targeted mixing service. This action has caught the attention of blockchain research company Elliptic amid ongoing investigations into the group’s illicit activities. Elliptic observed a shift in behavior as Lazarus Group returned to Tornado Cash following the U.S. authorities’ sanctioning of alternative mixing services, including Sinbad.io. The company outlined this change as a result of law enforcement takedowns of services like Sinbad.io, limiting the number of large-scale mixers available for cybercriminals. Moreover, it was highlighted that Tornado Cash has managed to continue operating despite sanctions due to its decentralized nature, making it resistant to seizure and shutdown.

North Korean hackers, including the Lazarus Group, have been utilizing services like Tornado Cash and Sinbad.io to disguise the origins of stolen funds obtained through numerous cryptocurrency hacks. The funds laundered through these services reportedly aid the regime in evading international sanctions imposed on its weapons programs. The U.S. Treasury Department documented instances of North Korean hackers using Sinbad and its precursor, Blender.io, to launder substantial amounts stolen from various cryptocurrency-related incidents. Notably, researchers estimated that North Korean groups unlawfully obtained approximately $1.7 billion worth of cryptocurrency in 2022 and about $1 billion in 2023, signifying the scale and persistence of their illicit activities in the crypto space. The longstanding operations of the Lazarus Group and its purported involvement in laundering over $2 billion worth of cryptocurrency, as acknowledged by U.S. officials, underscore the group’s significant impact on financial cybercrime, particularly in funding North Korea’s government initiatives.

Reference:
  • The Lazarus Group’s Cryptocurrency Laundering Resurgence
Tags: Cyber NewsCyber News 2024Cyber threatsCybersecurityLazarus groupMarch 2024North Korea
ADVERTISEMENT

Related Posts

Banking Groups Urge SEC To Repeal Cyber Rule

Banking Groups Urge SEC To Repeal Cyber Rule

May 27, 2025
Banking Groups Urge SEC To Repeal Cyber Rule

Microsoft Launched Regional Cyber Initiative

May 27, 2025
Banking Groups Urge SEC To Repeal Cyber Rule

Red Hat announced a new collaboration with AMD

May 27, 2025
NIST Launches New Metric to Track

OpenAI Finds Zero-Day Vulnerability

May 26, 2025
NIST Launches New Metric to Track

Russian hacker indicted for Qakbot attacks

May 26, 2025
NIST Launches New Metric to Track

NIST Launches New Metric to Track

May 26, 2025

Latest Alerts

FBI Warns Luna Moth Targets US Law Firms

Winos 4.0 Malware Spread Via Fake Installers

GhostSpy Android Malware Full Device Control

D-Link Routers Exposed by Weak Credentials

TA-ShadowCricke Unmasked via Backdoors

Killnet Resurfaces with New Identity

Subscribe to our newsletter

    Latest Incidents

    Everest Ransomware Leaks Coke Staff Data

    Adidas Data Breach Exposes Customer Contacts

    Semiconductor Firm AXT Hit by Data Breach

    Hackers Steal $700K from Philly School District Accounts

    Chinese hackers hit US utilities via flaw

    Naukri Fixes Bug That Exposed Recruiter Email Addresses

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial