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The North Korean hacking group has gathered about $47 million in cryptocurrency. This includes Bitcoin, Ether, Binance Coin, and different stablecoins like Binance USD.
The Lazarus Group, a hacking collective from North Korea, has a massive $47 million in cryptocurrency, with most of it in Bitcoin. This information comes from data collected by Dune Analytics, a company linked to 21Shares. The wallets connected to the Lazarus Group contain approximately $42.5 million in Bitcoin, $1.9 million in Ether, $1.1 million in Binance Coin (BNB), and an extra $640,000 in stablecoins, mainly BUSD.
However, it’s worth noting that this amount of cryptocurrency seems to have decreased from $86 million, which the group held on September 6, shortly after their involvement in the Stake.com hack.
The Dune dashboard keeps tabs on 295 wallets recognized by the U.S. Federal Bureau of Investigation (FBI) and the Office of Foreign Assets Control (OFAC) as belonging to the hacking group.
Lazarus Group crypto holdings. Source: Dune Analytics
Lazarus Group’s Crypto Choices and Activity
Surprisingly, the Lazarus Group doesn’t use privacy coins like Monero, Dash, or Zcash, which are usually harder to track. Despite this, their crypto wallets are still very active, with their latest transaction recorded on September 20. It’s worth noting that the group’s actual cryptocurrency holdings are likely much higher than what’s publicly known.
The FBI has pointed fingers at the Lazarus Group for hacking Alphapo, CoinsPaid, and Atomic Wallet, resulting in a combined theft of over $200 million in 2023.
According to Chainalysis, crypto thefts by North Korea-linked hackers have decreased significantly by 80% compared to 2022. As of mid-September, these groups had stolen a total of $340.4 million in cryptocurrency, down from the record $1.65 billion stolen in digital assets in 2022.
Recently, U.S. federal authorities issued a warning about a “significant risk” of potential attacks by the Lazarus Group on U.S. healthcare and public health sector organizations.
Just recently, U.S. federal authorities issued a warning about a “significant risk” of potential attacks by the Lazarus Group on U.S. healthcare and public health sector organizations.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
