‼️ North Korean Hacker Group Lazarus Loses $4.96 Million ‼️

The North Korean hacker group Lazarus lost nearly $5 million after two of their addresses were blacklisted by stablecoin issuers. On-chain investigator ZachXBT uncovered this during a months-long investigation.

ZachXBT traced how Lazarus laundered over $200 million in cash and cryptocurrencies over about three years, using 25 exploits across different blockchains.

📌 ZachXBT worked with Metamask, Binance, TRM Labs, and Five I's LLC.

✔️ As a result, stablecoin companies like Tether (USDT), Circle (USDC), Techteryx (TUSD), and Paxos (BUSD) froze two of Lazarus' wallets. Besides the nearly $5 million in stablecoins, the addresses also held $720,000 in DAI and $313,000 in Ethereum, which couldn’t be frozen.

Additionally, $1.65 million of Lazarus' funds were frozen on various exchanges during the investigation.

ZachXBT also pointed out that while Tether's compliance is often criticized, the longest delay in freezing the funds—4.5 months—came from Circle. He was surprised that Circle, despite having 1,000 employees, does not have a dedicated team for handling hacks.#Write2Earn! #Write2Earn! #Write2Earn! #Write2Earn! #Write2Earn!