According to Techub News, The Block reported that under the joint investigation of blockchain detective ZachXBT, Metamask, Binance, TRM Labs and Five I's LLC, two addresses of the North Korean government-backed hacker group Lazarus Group held more than $5 million worth of stablecoins that were frozen by Tether, Circle, Techteryx and Paxos. Among them, $4.96 million came from Lazarus Group, and another $1.65 million was frozen in various exchanges, with a total frozen amount of $6.98 million.
ZachXBT claims that the Lazarus Group laundered more than $200 million in cryptocurrencies into fiat currency over a three-year period. The funds were stolen after 25 hacks on the blockchain, after which the hackers cashed out the funds through peer-to-peer transactions.