The notorious Lazarus Group, allegedly sponsored by North Korea, recently conducted significant BTC transfers totaling $1.2 million. Blockchain analysts Arkham Intelligence detected 27.371 BTC movements, raising concerns about potential upcoming cyber activities. Explore the group’s history, including the $3 billion theft from 2017 to 2023, and the US Treasury’s response to their involvement in the Ronin Bridge hack.
The Lazarus Group, linked to North Korea, has reappeared in the cryptocurrency scene with substantial BTC transactions. Arkham Intelligence reported a transfer of 27.371 BTC, valued at $1.2 million, using a cryptocurrency mixer. Notably, $150,582 was sent to a previously inactive address. This follows weeks of relative inactivity by the group.
With a portfolio now at $79 million, the Lazarus Group’s motives remain uncertain. The group, accused of orchestrating a third of all hacks in 2023, reportedly stole $3 billion between 2017 and 2023. The US Treasury’s Office of Foreign Assets Control (OFAC) has responded with sanctions, targeting entities like Blender.io and Tornado Cash, along with individuals associated with the Lazarus Group.