Crypto News Today – ZachXBT Discovers $61M in Addresses Linked to Lazarus

ZachXBT Discovers $61M in Addresses Associated with Lazarus Group

Crypto News- Blockchain investigator ZachXBT has identified seven wallet addresses linked to the notorious North Korean hacking group Lazarus, containing a total of 891.13 Bitcoin. On May 21, ZachXBT shared these addresses on X, following his extensive research into the group, which previously resulted in authorities freezing $3.8 million in digital assets.

As of now, the wallets flagged by ZachXBT still hold the identified amounts. Earlier, on April 29, ZachXBT published a detailed analysis revealing how the state-backed hacker group laundered $200 million from over 25 hacks since 2020. His investigation showed that the hackers used peer-to-peer (P2P) marketplaces and crypto-mixing services to convert the stolen crypto into fiat currency.

Laundering Trail Unveiled: Paxful and Noones Transactions Linked to Stolen Funds

ZachXBT found that at least $44 million was laundered through the P2P marketplaces Paxful and Noones. He traced usernames like “EasyGoatfish351” and “FairJunco470” that displayed deposit and trading volumes matching the stolen funds. His analysis also noted that the stolen assets were often converted into Tether (USDT) before being cashed out.

Lazarus Group’s Reemergence: $1.2 Million Transferred from Mixer to Inactive Wallet

Lazarus Group resurfaced earlier this year after a period of inactivity. On January 8, they moved $1.2 million in stolen assets from a mixer, sending some funds to an inactive wallet. Specifically, they transferred 27.37 Bitcoin, worth $1.2 million at the time, in two transactions from what analysts identified as a crypto mixer. Following this, they moved 3.343 BTC, worth $150,582, to a previously used address.

On April 24, the group was spotted targeting users on LinkedIn with malware attacks. Blockchain security firm Slowmist reported that Lazarus Group hackers were posing as applicants for blockchain developer jobs to gain access to confidential employee credentials.

Lazarus Group’s Rampant Crypto Theft: Exceeding Billions in Stolen Assets

The Lazarus Group remains one of the most notorious criminal organizations in the crypto space. Over the six years leading up to 2023, they stole more than $3 billion in digital assets. In 2022 alone, they stole $1.7 billion, a figure that surpasses North Korea’s total annual income from exports by almost ten times.

FAQs: Lazarus Group Crypto Activities

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