Notorious North Korean hacker organization, Lazarus Group, has long been seen as a villain in the crypto world, allegedly pilfering billions in total from projects and networks. Now, pseudonymous on-chain sleuth Lazarus has been identified as the group behind some of the most noteworthy crypto-related hacks in recent years. It was In his According to the report, the Lazarus Group used multiple mixers throughout its attempts to launder money. Crypto 2/ Traced 25+ connected hacks across multiple blockchains and through mixers to centralized exchanges. pic.twitter.com/Xd2KlgVZrq— ZachXBT (@zachxbt) April 29, 2024Alongside repeatedly bridging tokens across blockchains to further obscure the path of funds, the hacker group also used With help from industry heavyweights like crypto exchange Binance and leading Ethereum wallet MetaMask, ZachXBT has identified multiple accounts he believes to be linked to the Lazarus Group. The accounts in question received $44 million from Lazarus hacks, the online sleuth claims, and were able to successfully convert the hacked funds into fiat currency.The results of his investigation are in line with previous reports that the Lazarus Group has laundered money through over-the-counter (OTC) traders, which settle transactions off of exchanges. Edited by Andrew Hayward
