ZachXBT Uncovers 7 More Addresses Linked to Lazarus Worth $61 Million—Here’s the latest
In a major development in the crypto space, blockchain investigator ZachXBT identified seven wallet addresses on May 21 containing 891.13 Bitcoin, worth approximately $61 million, linked to the infamous North Korean hacking group Lazarus.
ZachXBT shared these findings on X (formerly Twitter) , highlighting the ongoing threat posed by the state-backed hacker group. The revelation follows the investigator’s previous research , which led to the authorities freezing $3.8 million in digital assets.
As of the latest updates, the flagged wallets still hold the amounts identified by ZachXBT. The usernames “EasyGoatfish351” and “FairJunco470” were noted explicitly for their deposits and trading volumes, which matched the stolen funds. The stolen assets were often exchanged into Tether (USDT) before being converted to fiat and withdrawn.
A few weeks ago I published research on 25 Lazarus Group hacks which resulted in $3.8M frozen.
I am sharing 7 additional wallet addresses which currently hold $61.8M (891 BTC) tied to these hacks.
bc1qw88pehjuejym9jyfgn6vn4aaw7q232hlyzzn6f… https://t.co/k6gSrhdkEb pic.twitter.com/bg3EkMaumn
— ZachXBT (@zachxbt) May 20, 2024
Lazarus Group, known for its cyber heists, resurfaced earlier this year after a period of inactivity. On January 8, they moved $1.2 million in stolen digital assets from a mixer to an inactive wallet , involving two transfers totaling 27.37 Bitcoin. Subsequently, 3.343 BTC worth $150,582 was sent to a previously used address.
The group also employed social engineering tactics, using LinkedIn to target vulnerable users with malware attacks . Blockchain security firm Slowmist flagged these attacks, noting that the hackers pretended to apply for blockchain developer jobs to
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