The Lazarus Group is a notorious hacking group comprised of an unknown number of cybercriminals allegedly run by the North Korean government and currently holds more than $47 million worth of crypto assets in its wallets. Dune Analytics, a blockchain analytics provider that collects on-chain encrypted data and makes it accessible to the blockchain community, revealed that the stolen assets include stablecoins such as Bitcoin, Ethereum, BNB, and Binance USD.
Nonetheless, the amount of stolen funds is currently $39 million less than the $86 million held by Lazarus-related wallets on September 6. This figure was noticed just days after the online gambling platform Stake fell victim to the group and lost $55. million in the incident.
According to data currently provided by Dune Analytics, the hacker’s wallet holds $42.5 million in BTC, $1.1 million in BNB, $1.9 million in Ethereum, and $640,000 in BUSD.
Interestingly, the cybercriminals did not hold any privacy coins such as Monero and Zcash in their stash, which are harder to trace on the blockchain than other cryptocurrencies.
Digital wallets identified by the FBI as owned by a North Korean hacking group are being tracked on Dune Analytics’ dashboard. Surprisingly, these wallets have been active since the last transaction was executed on September 20.
21.co, the parent company of Dune Analytics, said the amount was far lower than what cybercriminals actually held.
The company noted;
We should note that this is a lower-end estimate of Lazarus Group’s cryptocurrency holdings based on publicly available information.
Lazarus Group continues to target crypto platforms
Hong Kong-based cryptocurrency exchange CoinEx is one of the latest victims of the hacking group. On-chain sleuths SlowMist and ZachXBT discovered links to the Lazarus group behind the vulnerability and estimated the company lost $55.5 million due to the incident.
Three days after CoinEx suffered a breach, hackers targeted another centralized exchange, Remitano, on September 14. The attack resulted in a breach of the exchange’s hot wallet, and the group transferred nearly $2.7 million to an unknown wallet address without any transaction history.
As of 2023, these hackers have stolen more than $200 million through security vulnerabilities in various encryption companies and service providers. CoinsPaid, Atomic Wallet, Alphapho, and many other companies fell victim to these attacks during this time.
Blockchain security firm Chainaanalysis found that these numbers are significantly lower than cyberattacks carried out by the group in 2022. The hacker group stole a whopping $1.6 billion last year, a decrease of 80% this year.
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