Lazarus Group laundered $200M from 25 crypto hacks to fiat

The Lazarus Group, also known as Bluenoroff or APT38, associated with the North Korean government, has been active in the cryptocurrency industry since 2009, focusing on financially motivated cyberattacks. Their tactics include custom built malware to target companies and individuals, leading to estimated losses of $3B to $4.1B since 2017. This article tracks 25 hacks from 2020 to 2023 by Lazarus Group, detailing incidents like CoinBerry, Unibright, and CoinMetro hacks. Funds are laundered through intermediary wallets to P2P exchanges like Paxful and Noones, while incidents involving EasyFi founder and Nexus Mutual founder show similarities in phishing attacks.

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