United

Bitcoin ETF

Bitcoin

Arkham

Ronin

In an interesting development, a holding wallet recently received nearly <a href="https://optimisus.com/market/market-news/north-korean-lazarus-group-accumulates-over-40m-in-bitcoin-data-reveals/" rel="noopener noreferrer nofollow">$1.2 million in Bitcoin (BTC)</a> from the infamous North Korean hacker unit, Lazarus Group.  
This transaction has piqued the interest of cybersecurity professionals and blockchain experts, as it is one of the group's largest transactions in the last 30 days.  
<a href="https://optimisus.com/news/crypto-news/lazarus-hackers-group-amasses-137-million-trx-in-tron-following-coinex-breach/" rel="noopener noreferrer nofollow">The Lazarus Group's wallet</a> was involved in two transactions totaling 27.371 BTC, according to Arkham, a blockchain research organization.  
This move coincides with the potential approval of a spot Bitcoin ETF in the United States, and investors anticipate increased volatility in the aftermath of the SEC's decision.  
Around 3.34 BTC were transferred to another wallet previously used by the Lazarus Group following the initial transactions. The identity of the coin mixer involved in these transactions has not been revealed.  
Users use coin mixers to obscure their transactions, adding another layer of complexity to tracing the ownership and destination of cryptocurrency funds.  
The Lazarus Group's recent action adds to its history of sophisticated cyber thefts, particularly in the realm of crypto.  
According to the US Treasury Department, the group has been linked to a significant cryptocurrency theft from the Ronin bridge associated with the popular online game Axie Infinity.  
Arkham estimates the current total value of the Lazarus Group's wallets to be around $79 million, which includes approximately $73 million in Bitcoin and $3.4 million in Ether (ETH).  
TRM Labs' recent study highlights the significant role played by North Korean hackers, particularly the Lazarus Group, in cryptocurrency hacks and thefts.  
According to the study, North Korean hackers were responsible for one-third of all cryptocurrency hacks and thefts in 2023. 
The post <a href="https://optimisus.com/market/market-news/a-holding-wallet-receives-nearly-1-2-million-in-bitcoin-btc-from-the-north-korean-hacker-group/" rel="noopener noreferrer nofollow">A holding wallet receives nearly $1.2 million in Bitcoin (BTC) from the North Korean hacker group</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

A holding wallet receives nearly $1.2 million in Bitcoin (BTC) from the North Korean hacker group

Optimisus

Other articles published on Jan 9, 2024

Ethereum vs Bitcoin: Analyzing the Lowest ETH/BTC Rate Since April 2021

Whale Transfers of One Million Render (RNDR) to Binance; Eos (EOS), and InQubeta (QUBE) Aim for 1...

SEC Former Chair, Jay Clayton States- Bitcoin ETF is Inevitable

Bitcoin SV Experiences Volatility and Strategic Entry Points

Nvidia’s Record High and Jim Cramer’s Optimism

Bitcoin is on Its Way to the Moon, Literally!

Join our free newsletter for daily crypto updates!