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North Korean hackers — the Lazarus Group reportedly holds over $47 million in cryptocurrency, with most of it in Bitcoin (BTC), a brand new report has proven.
In response to the information collected by 21.co subsidiary Dune Analytics, the infamous hacking group’s wallets include about $42.5 million in BTC, $1.9 million in Ether (ETH), $1.1 million in Binance Coin (BNB), and an extra $640,000 in stablecoins, with Binance USD (BUSD) dominant.
The report tracked 295 wallets recognised by the US authorities as belonging to Lazarus Group. Nevertheless, there’s a notable lower within the quantity of crypto held by the group from $86 million on September 6, shortly after the Stake.com hack through which Lazarus was implicated.
On September 4, about $40 million was stolen from the crypto on line casino Stake.com. Though the reported holdings are vital, the researchers imagine that the precise quantity could also be a lot larger.
The estimate was referred to as a “lower-bound estimation” based mostly on publicly obtainable data, in keeping with the report.
“If in case you have recognized or are conscious of another hacks which have been disclosed, please contact us so we are able to observe the belongings on this dashboard,” the researchers stated.
In the meantime, a current report revealed that the Group has been held liable for stealing round $240 million price of crypto belongings within the final 104 days.
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In response to the blockchain surveillance agency Elliptic, the hacking group stole crypto belongings from Atomic Pockets ($100 million), CoinsPaid ($37.3 million), Alphapo ($60 million), and Stake.com ($41 million).
The hacking group has been linked to 5 main crypto hacks over the previous three months. The newest, in keeping with blockchain knowledge, was the worldwide cryptocurrency trade CoinEx, which was hacked final week for an estimated quantity of $53 million.
(This story has not been edited by News18 employees and is printed from a syndicated information company feed – IANS)
Location: Seoul, South Korea
first printed: September 27, 2023, 09:31 IST
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