BusinessPostCorner.com
No Result
View All Result
Sunday, May 25, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Data Shows North Korean Lazarus Group Has Accumulated Bitcoin Valued Over $40M

September 25, 2023
in Crypto News
Reading Time: 2 mins read
A A
0
Data Shows North Korean Lazarus Group Has Accumulated Bitcoin Valued Over M
ShareShareShareShareShare
Source: Vchalup / Adobe

The North Korean hacking group known as Lazarus Group reportedly has holdings of over $47 million in cryptocurrency, with the majority in Bitcoin (BTC).

According to a report from the institutional crypto platform provider 21.co, wallets connected to Lazarus Group contain around 1,600 Bitcoin, 10,810 Ether (ETH), and 64,490 Binance Coin (BNB).

In total, the hacker group’s wallets contained crypto worth a staggering $75 million at the time of the report.

Source: 21.co / X

21.co compiled the data from a Dune Analytics dashboard that tracks 295 wallets identified by the US government as belonging to Lazarus Group.

Notably, the amount of crypto held by the group appears to have decreased from the $86 million it held on September 6, shortly after the Stake.com hack in which Lazarus was implicated.

The crypto casino Stake.com was hacked for about $40 million on September 4.

Actual amount likely higher

While the reported holdings are significant, 21.co believes that the actual amount may be much higher, and the estimate was called a “lower-bound estimation” based on publicly available information.

“If you have identified or are aware of any other hacks that have been disclosed, please contact us so we can track the assets in this dashboard,” the firm wrote in the report.

Long list of crypto heists

Lazarus Group’s activities includes the recent attack on crypto exchange CoinEx, which earlier in September was drained for at least $28 million worth of crypto.

Other major attacks that Lazarus Group is suspected to be behind includes the massive $620 million theft from Sky Mavis’ Ronin Bridge, a $100 million theft from Harmony’s Horizon Bridge, and a $100 million theft from Atomic Wallet.

According to the US government, half of North Korea’s missile funding comes from cybercrimes and crypto theft, and according to a White House official there is an ongoing effort to understand how a nation like North Korea “is so darn creative in this space.”


Credit: Source link

ShareTweetSendPinShare
Previous Post

Managing your accounting firm’s technology

Next Post

Nissan to go all-electric by 2030 despite petrol ban delay

Next Post
Nissan to go all-electric by 2030 despite petrol ban delay

Nissan to go all-electric by 2030 despite petrol ban delay

Trump’s $TRUMP Coin Gala Under Fire: Lawmakers Push For DOJ Inquiry Ethics of Exclusive Dinner

Trump’s $TRUMP Coin Gala Under Fire: Lawmakers Push For DOJ Inquiry Ethics of Exclusive Dinner

May 23, 2025
New Central Bank Crypto Rules ‘Will Ban USDT Trading in Russia’

New Central Bank Crypto Rules ‘Will Ban USDT Trading in Russia’

May 18, 2025
Huge turnout in Romania’s cliffhanger election

Huge turnout in Romania’s cliffhanger election

May 18, 2025
Cardano Audit Probes 0M ADA Gap – Was Treasury Looted?

Cardano Audit Probes $600M ADA Gap – Was Treasury Looted?

May 19, 2025
Harvard sues to challenge Trump’s international student ban

Harvard sues to challenge Trump’s international student ban

May 23, 2025
Markets recoup earlier losses as JPMorgan CEO Jamie Dimon warns of investor complacency

Markets recoup earlier losses as JPMorgan CEO Jamie Dimon warns of investor complacency

May 19, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Learners struggle to pay before test, but instructors say pricing fair

Learners struggle to pay before test, but instructors say pricing fair

May 24, 2025
Junk bonds: CCC vs B spread offers a warning sign for debt

Junk bonds: CCC vs B spread offers a warning sign for debt

May 24, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!