The North Korean hacking collective known as the Lazarus Group has managed to amass a staggering $47 million in cryptocurrency, with the majority of the funds held in Bitcoin (BTC), as per recent data findings.
According to data compiled by Dune Analytics, in collaboration with 21.co, the parent company of 21Shares, it has been revealed that wallets associated with the Lazarus Group currently house approximately $47 million in digital assets. The breakdown of these holdings indicates that they consist of $42.5 million in Bitcoin (BTC), $1.9 million in Ether (ETH), $1.1 million in Binance Coin (BNB), and an additional $640,000 in stablecoins, primarily in Binance USD (BUSD).
The extent of Lazarus Group’s cryptocurrency holdings underscores the group’s prowess in the digital realm, raising concerns about the potential misuse of these funds for various cyber operations. This development sheds further light on the evolving landscape of cybercrime and the growing challenges posed by state-sponsored hacking entities.
