Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»North Korea’s Lazarus Group resumes Bitcoin activities
TRADING NEWS

North Korea’s Lazarus Group resumes Bitcoin activities

By Crypto FlexsJanuary 9, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
North Korea’s Lazarus Group resumes Bitcoin activities
Share
Facebook Twitter LinkedIn Pinterest Email

Lazarus Group’s Bitcoin holdings suddenly fluctuate

North Korean hacker group Lazarus Group has reportedly mobilized $1 million worth of Bitcoin after several weeks of inactivity. Blockchain analysts at Arkham Intelligence observed two transfers totaling 27.371 BTC from what appeared to be a cryptocurrency mixer, followed by a smaller amount of 3.343 BTC to a previously inactive wallet.

Crypto Movement: Analysis

Lazarus Group’s recent transactions have included moving significant amounts of Bitcoin, worth approximately $1.2 million, in a manner that suggests preparations for additional undisclosed activities. The ploy has brought renewed attention to the group’s significant cryptocurrency holdings, which Arkham Intelligence estimates to be worth around $79 million following these transactions.

GM

Lazarus Group made its biggest transaction in a month this morning after withdrawing $1 million in BTC from what appeared to be a mixing service, sending $150,000 of it to a previously inactive address.

Track Lazarus in Arkham: https://t.co/C4FFFLUkL5 pic.twitter.com/quYYF3h7Dj

— Arkham (@ArkhamIntel) January 8, 2024

The infamous history of the Lazarus Group

The Lazarus Group, believed to be backed by North Korea, was involved in about a third of all cryptocurrency hacks in 2023, generating approximately $700 million in revenue that year. The group is known for its sophisticated and innovative hacking techniques, including using fake job offers and posing as prominent venture capitalists to infiltrate target networks.

High-profile robbery and international repercussions

One of the most infamous attacks was the Ronin Bridge hack in March 2022, which stole over $600 million in Ether and USD coins from Axie Infinity, a play-to-earn game developed by Vietnamese studio Sky Mavis. The heist is the largest in cryptocurrency history, bringing the group’s total theft from 2017 to 2023 to about $3 billion.

U.S. Government Response to the Lazarus Group’s Activities

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has taken significant action in response to the activities of the Lazarus Group. This includes sanctioning crypto mixer Blender.io for its role in the Ronin Bridge incident, marking OFAC’s first action against a crypto mixer. OFAC also sanctioned various individuals linked to the Tornado Cash platform and the Lazarus Group.

Lazarus Group’s recent Bitcoin moves serve as a reminder of the ongoing threats in the cryptocurrency space. This highlights the importance of heightened vigilance and strong security measures within the cryptocurrency community, especially in the face of sophisticated state-sponsored hacking activities.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025

Like the initial Cardano, a way to reach $ 300 for Loy tokens more than $ 450K

June 25, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

FDIC Vice Chairman Advocates More Flexible Approach to Digital Assets

March 11, 2024

Trump Could Use Bitcoin as US Reserve Asset on ‘Day 1’ — How Much Will BTC Price Rise?

December 15, 2024

Bitstarz won the Best Crypto Casino at 2024 Wow Awards.

March 24, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.