The "Lazarus" group turns into a Bitcoin whale, owning Bitcoin worth 1 billion dollars: details
The “Lazarus” group, responsible for the recent $1.5 billion hack of “Bybit,” has become one of the largest Bitcoin whales, after acquiring 13,518 Bitcoin worth $1.13 billion, according to “Arkham Intelligence.”
These holdings make North Korea the fifth largest country in terms of Bitcoin ownership after the United States, China, the United Kingdom, and Ukraine, surpassing the holdings of Bhutan (13,029 Bitcoin) and El Salvador (6,089 Bitcoin).
Additionally, the “Lazarus” wallets contain 13,702 Ethereum ($26 million), 5,022 BNB ($3 million), and $2.2 million in DAI, along with other stablecoins.
“CertiK” also reported that the group deposited 400 Ethereum ($750,000) into the “Tornado Cash” mixing service.
In another context, “Socket” revealed that Lazarus has deployed new malware targeting cryptocurrency wallets, such as Solana and Exodus, through fake JavaScript libraries to steal credentials.
In a related development, OKX suspended its decentralized Web3 DEX platform after discovering Lazarus's attempt to exploit decentralized finance (DeFi) services.
Bloomberg reported that the collective was used to launder $100 million in cryptocurrencies associated with the group.
#bybit #WhaleManipulation #JavaScript #Malwareattack #LazarusGroup $ETH