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<a href="https://bitcoinworld.co.in/zachxbt-flags-7-more-wallets-tied-to-north-koreas-lazarus-group/" title="ZachXBT Flags 7 More Wallets Tied To North Korea’s Lazarus Group" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">ZachXBT flags 7 additional wallets with $61M in Bitcoin connected to North Korea’s Lazarus Group.</li>
 <li style="font-weight: 400">On April 29, ZachXBT detailed how the state-backed hacker group laundered $200 million from over 25 hacks since 2020.</li>
 <li style="font-weight: 400">Currently, the crypto wallets detected by the investigator still hold the flagged amounts.</li>
</ul>
ZachXBT has taken to X (formerly Twitter) to add more crypto wallets tied to North Korea’s Lazarus group. The recent addition takes the total number of wallets to 32 and laundered funds to $204M.
ZachXBT, a blockchain investigator, has identified seven wallet addresses that are linked to the notorious North Korean hacking group, Lazarus. These wallets collectively hold 891.13 BTC.&nbsp;
In a recent investigation conducted by crypto sleuth ZachXBT, it was discovered that the Lazarus Group from North Korea managed to convert approximately $200M worth of cryptocurrency into fiat currency from August 2020 to October 2023.
<h3 id="span-style-font-weight-400-zachxbt-ties-lazarus-group-to-200m-money-laundering-span">ZachXBT Ties Lazarus Group to $200M Money Laundering</h3>
ZachXBT meticulously examined over 25 hacks that occurred on different blockchains, carefully tracking the movement of funds through coin mixers and exchanges from August 2020 to October 2023.&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/hong-kong-police-arrest-three-in-fake-hk5-1-million-virtual-investment-talk-show-ticket/" aria-label="“Hong Kong Police Arrest Three In Fake HK$5.1 Million Virtual Investment Talk Show Ticket” (Edit)" rel="noopener noreferrer nofollow">Hong Kong Police Arrest Three In Fake HK$5.1 Million Virtual Investment Talk Show Ticket</a>
According to the <a href="https://twitter.com/zachxbt/status/1784935501935390930" rel="noopener noreferrer nofollow">report</a>, the Lazarus Group used several coin mixers to launder $200M. These mixers concealed the source and destination of transactions by combining them with other tokens, transactions, and addresses.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 1/ How Lazarus Group laundered $200M from 25+ crypto hacks to fiat from 2020 – 2023<a href="https://t.co/s8zNFwlamb" rel="noopener noreferrer nofollow">https://t.co/s8zNFwlamb</a>
 — ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1784935501935390930?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 29, 2024</a>
</blockquote>
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The hackers used the Ethereum mixer Tornado Cash and the Bitcoin-based ChipMixer in their operations. Furthermore, tokens were moved across various blockchains to make it more difficult to trace the funds.&nbsp;
The group also engaged peer-to-peer (P2P) exchanges such as Noones and Paxful, facilitating direct asset exchanges with individuals.
<h3 id="span-style-font-weight-400-7-additional-wallet-addresses-now-hold-61-8m-span">7 Additional Wallet Addresses Now Hold $61.8M&nbsp;</h3>
On May 21, ZachXBT shared 7 additional wallet addresses on X linked to Lazarus Group, holding $61.8M.&nbsp;
This follows his previous exposé on the group which resulted in the authorities freezing $3.8M worth of digital assets.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 A few weeks ago I published research on 25 Lazarus Group hacks which resulted in $3.8M frozen.
 I am sharing 7 additional wallet addresses which currently hold $61.8M (891 BTC) tied to these hacks.
 bc1qw88pehjuejym9jyfgn6vn4aaw7q232hlyzzn6f… <a href="https://t.co/k6gSrhdkEb" rel="noopener noreferrer nofollow">https://t.co/k6gSrhdkEb</a> <a href="https://t.co/bg3EkMaumn" rel="noopener noreferrer nofollow">pic.twitter.com/bg3EkMaumn</a>
 — ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1792666848951239026?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 20, 2024</a>
</blockquote>
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The Lazarus Group reemerged earlier this year following a period of inactivity. On January 8th, the hackers successfully transferred $1.2M in stolen digital assets from a mixer and redirected a portion of the funds to an inactive wallet.
As of now, the crypto wallets identified by ZachXBT continue to hold the reported amounts.
<h3 id="span-style-font-weight-400-lazarus-group-steals-billions-from-the-crypto-community-span">Lazarus Group Steals Billions From The Crypto Community</h3>
In recent years, the Lazarus Group has been identified as the perpetrator behind several high-profile cryptocurrency hacks.&nbsp;
The FBI linked the group to the $41 million attack on Stake.com, a gaming firm, as well as the $622M exploit of the Ronin bridge.&nbsp;
ZachXBT, with the help of industry key players like Binance and top Ethereum wallet, MetaMask, has exposed several accounts that are suspected to be connected to the Lazarus Group.&nbsp;
These accounts reportedly received $44M from Lazarus’ hacks and managed to convert the stolen funds into fiat currency.
The Lazarus Group remains a highly infamous criminal organization in the crypto space. Over the course of six years, the group managed to acquire a staggering sum of over $3B in digital assets.
In 2022 alone, the group stole $1.7B, an amount that exceeds North Korea’s total annual income from exports by nearly ten times.
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
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The post <a href="https://bitcoinworld.co.in/zachxbt-flags-7-more-wallets-tied-to-north-koreas-lazarus-group/" rel="noopener noreferrer nofollow">ZachXBT Flags 7 More Wallets Tied To North Korea’s Lazarus Group</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

ZachXBT Flags 7 More Wallets Tied To North Korea’s Lazarus Group

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