Blockchain investigator ZachXBT has unveiled seven Bitcoin wallet addresses containing 891.13 Bitcoin, linked to the notorious North Korean hacking group Lazarus. This revelation, shared on May 21, adds to ZachXBT’s ongoing research into the group, which recently led to authorities freezing $3.8 million in digital assets.
The identified crypto wallets, still holding the flagged amounts, are part of Lazarus’s extensive laundering operation, as outlined in ZachXBT’s analysis. Utilizing peer-to-peer (P2P) marketplaces and crypto-mixing services, the hackers laundered at least $44 million, converting stolen crypto into fiat currency.
Moreover, the investigation revealed that the stolen digital assets were funneled through Tether before being converted into fiat and withdrawn. Lazarus Group, known for its sophisticated cyber operations, resurfaced earlier this year after a period of dormancy, showcasing renewed activity in targeting vulnerable users through malware attacks on platforms like LinkedIn.
Despite being inactive for a while, Lazarus remains a significant threat in the crypto space, having stolen over $3 billion in digital assets in the past six years alone. Their resurgence underscores the persistent challenge posed by cybercriminals and highlights the need for robust cybersecurity measures to safeguard against such threats.
