Lazarus (North Korean Hackers) Moves $3.76M in Bitcoin Across Five Wallets
Lazarus( North Korean Hackers) has transferred $3.76 million worth of Bitcoin to five unknown wallets, raising concerns over potential laundering efforts.
On-chain data from Arkham Intelligence shows that the group’s Bitcoin holdings have now dropped to 13,441 BTC, valued at approximately $1.15 billion. On March 20, at around 9:18 AM UTC, a wallet associated with Lazarus sent 12.929 BTC ($1.12 million) to an unknown recipient. Over the next three hours, additional transactions included 14.849 BTC, 15.684 BTC, and two smaller transfers of 0.308 BTC each, totaling more than 44.07 BTC. Furthermore you can also check transaction details on here.
The movement of funds suggests an attempt to obscure the trail, a common tactic among hackers looking to evade tracking.
Bybit CEO Ben Zhou previously stated that 88.87% of the funds stolen in the recent Bybit hack are still traceable. According to him, Lazarus has converted around $1.23 billion into 12,836 BTC, spreading it across 9,117 wallets. Zhou also noted that the hackers are likely using Bitcoin mixers to further complicate tracking efforts.
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Despite the focus on Bitcoin, Lazarus (North Korean Hackers) still holds significant assets in other cryptocurrencies. Their Arkham-labeled wallet contains 13,658 ETH (valued at $27 million), $3.17 million in BNB, and smaller holdings in DAI, Baby Doge Coin, and various stablecoins.
Lazarus has been conducting cyberattacks since at least 2009, with its latest heist being the massive $1.4 billion Bybit hack—one of the largest crypto thefts ever recorded.
