The Lazarus Group Holds $47 Million in Stolen Crypto Assets
The Lazarus Group, a hacking group allegedly run by the North Korean government, currently holds more than $47 million worth of stolen crypto assets. The stolen funds include Bitcoin, Ethereum, BNB, and Binance USD, among other stablecoins. However, this amount has dropped by $39 million compared to September 6 when the wallets held $86 million. This decrease follows the recent $55 million hack on the online gambling platform Stake.
Details of Stolen Funds
According to blockchain analytics provider Dune Analytics, the hackers’ wallets hold $42.5 million in BTC, $1.1 million in BNB, $1.9 million in Ethereum, and $640,000 in BUSD. Notably, the cybercriminals do not possess any privacy coins like Monero and Zcash, which are harder to trace on the blockchain.
Tracking North Korean Hacking Group
Dune Analytics has been tracking digital wallets owned by a North Korean hacking group identified by the FBI. These wallets have remained active since their last transaction on September 20. However, Dune Analytics acknowledges that their estimation of the Lazarus Group’s holdings is based on publicly available information and may be lower than the actual amount.
Lazarus Group Continues Targeting Crypto Platforms
The Lazarus Group recently targeted Hong Kong-based crypto exchange CoinEx and estimated losses of $55.5 million. They also breached Remitano’s hot wallet and transferred nearly $2.7 million to an unknown address without transaction history. In 2023 alone, the group has stolen over $200 million from various crypto firms and service providers.
Decrease in Cyber Attacks
Blockchain security firm Chainalysis discovered that the Lazarus Group’s thefts in 2023 amount to much less than their activities in 2022. Last year, they stole a staggering $1.6 billion, representing an 80% decrease this year.
Hot Take: Lazarus Group’s Ongoing Crypto Theft
The Lazarus Group, a North Korean hacking group, continues to target crypto platforms and has amassed over $47 million in stolen crypto assets. The group’s recent activities include hacking CoinEx and Remitano, resulting in significant losses for these exchanges. While the current amount of stolen funds is lower than before, the Lazarus Group remains a significant threat to the crypto community. It is crucial for individuals and organizations to prioritize cybersecurity measures and remain vigilant against such attacks.
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