Notorious cybercriminal group Lazarus seems to be moving stolen Bitcoin after siphoning over $600 million from crypto protocols and users in 2023.&nbsp; 
The North Korean-funded hacker organization withdrew some 27.3 Bitcoin (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">BTC</a>) worth an estimated $1.2 million from an unidentified crypto mixer. Per Arkham Intelligence data, Lazarus cashed out its ill-gotten BTC over two transactions on Jan. 8. 
A Lazarus wallet received 10 BTC valued at $440,000 and 17.3 BTC worth $762,000 from a contract address. Shortly thereafter, the receiving address transferred 3.3 BTC to another address holding just under $300,000 in Bitcoin.&nbsp; 
The hacker group holds $79 million in illicit wealth in wallets labeled by Arkham. Bitcoin, Ether (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>), and Binance’s <a href="https://crypto.news/price/bnb/" target="_blank" rel="noreferrer noopener">BNB</a> comprised the top three assets held by Lazarus, which reportedly <a href="https://crypto.news/north-korean-crypto-hackers-raided-600m-in-2023/" target="_blank" rel="noreferrer noopener">orchestrated</a> a third of all crypto hacks last year. 
Crypto users throw their cryptocurrencies into mixers or tumblers to obfuscate the origin of the assets. Bad actors often leverage the process to cover their blockchain footprints following a hack or an exploit. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="544" src="https://crypto.news/app/uploads/2024/01/Screenshot-153-1024x544.png" alt="Lazarus" class="wp-image-14235625">
 <figcaption class="wp-element-caption">
 DPRK’s Lazarus-affiliated holdings | Source: <a href="https://platform.arkhamintelligence.com/explorer/entity/lazarus-group" target="_blank" rel="noreferrer noopener">Arkham Intelligence</a>
 </figcaption>
</figure> 
 You might also like: <a href="https://crypto.news/lazarus-group-hackers-from-country-with-no-internet-threaten-defi/"> Lazarus Group: hackers from country with no internet threaten defi </a> 
In the past, Lazarus sent stolen digital assets to services like Tornado Cash, <a href="https://crypto.news/sinbad-crypto-mixer-sanctioned-by-u-s-treasury/" target="_blank" rel="noreferrer noopener">Sinbad</a>, and Blender.io. However, authorities in the U.S. have blacklisted some of these platforms and even levied charges against their creators.&nbsp; 
<a href="https://crypto.news/tornado-cash-case-crypto-anonymity-vs-regulation/" target="_blank" rel="noreferrer noopener">Tornado Cash</a> developer trio Alexey Pertsev, Roman Semenov, and <a href="https://crypto.news/tornado-cash-developer-granted-bail-in-us/" target="_blank" rel="noreferrer noopener">Roman Storm</a> currently face money laundering and conspiracy charges in the U.S. and the Netherlands. All three individuals deny wrongdoing, and industry proponents argue that open-source protocol inventors should not be held liable for third-party applications.&nbsp; 
District Judge Katherine Polk Failla threw out a lawsuit <a href="https://crypto.news/us-court-dismisses-class-action-lawsuit-against-uniswap/" target="_blank" rel="noreferrer noopener">against</a> Uniswap, which sought damages and restitution from the decentralized exchange due to losses incurred from trading scam tokens. 
The ruling might be regarded as a boon by crypto participants and defendants battling defi-related charges in courthouses across the globe, although a district court judge sided with the U.S. Treasury Department in a lawsuit that involves Coinbase and sanctions <a href="https://crypto.news/judge-favors-treasury-in-coinbase-backed-lawsuit-over-tornado-cash-sanctions/" target="_blank" rel="noreferrer noopener">imposed</a> on crypto mixer Tornado Cash. 
 Read more: <a href="https://crypto.news/tornado-cash-creators-deny-laundering-1b-for-north-korea-hackers/"> Tornado Cash creators deny laundering $1b for North Korea hackers </a>

Lazarus withdraws $1.2m Bitcoin from crypto tumbler

crypto.news

Other articles published on Jan 8, 2024

BNB Faces Critical Resistance: Analyst's Bearish Forecast Amidst Market Struggles

Japan’s largest community e-commerce platform to start accepting Bitcoin this year

Stacks (STX) Price Reaches 670-Day High Despite Market Correction

Stacks, Injective, Internet Protocol emerge as crypto top gainers

Celsius waiting to unstake $470M in Ethereum amid bankruptcy

UK Unveils Digital Securities Sandbox with Blockchain Integration

Join our free newsletter for daily crypto updates!