![]() ![]() While the activities of BlueNoroff started in Q1 of 2022, they became less active until later in the year, and were able to steal crypto assets. ![]() Īccording to Kaspersky, Lazarus Group adopted the name BlueNoroff as a VC firm and created several fake websites to impersonate venture capital companies and banks. “Lazarus Group has expanded its criminal activities to include posing as venture capitalists looking to invest in crypto startups,” Decrypto said. A fresh UN report and a study by security firm Chainanalysis confirmed that North. One of its largest operations is linked with the $600 million theft on the Ronin Bridge that occurred in 2022.īy the close of the year 2022, Kaspersky, a Web3 security firm, said that the group disguised itself as a VC firm targeted at several startups. The Cybercriminal Lazarus Group The Kucoin Hack in 2020 Final Thoughts. Since its escapade in the crypto industry, the Lazarus Group is said to have stolen more than $2 billion to date. We assisted Huobi team to freeze his accounts. Treasury officials said at the time that the Lazarus Group used the mixer to launder more than 20 million worth of the an Ethereum-based sidechain made for the popular play-to-earn game Axie. They previously tried to launder through Binance and we froze his accounts. We detected Harmony One hacker fund movement. According to CZ, they were able to recover 124 BTC from the Lazarus Group. While the transfers were made, Binance was able to freeze the account being used to launder the money and also help Huobi avoid further theft. It can also be recalled that Harmony Bridge was exploited on June 24, 2022, where over $100 million was stolen. Railgun is a blockchain privacy platform that uses zero-knowledge proofs to hide transactions.Īccording to ZachXBT, the illegal activity involved over 350 addresses, and the exchanges are not verified yet as the group made swiftly. They have been involved in several online attacks since 2010. ![]() Lazarus Group is a well-known cybercrime group that comprises anonymous individuals and is managed by the government of North Korea. On March 23, 2022, Lazarus Group, a DPRK state-sponsored cyber hacking group, carried out the largest virtual currency heist to date, worth almost 620 million, from a blockchain project linked to the online game Axie Infinity Blender was used in processing over 20.5 million of the illicit proceeds. According to the source, a total of 41000 ETH was transferred from the recently exploited Harmony bridge hack, using Railgun before depositing the funds in three exchanges including Binance, and Huobi. North Korea’s Lazarus Group moved crypto assets worth $63.5m into three different exchanges between January 13 and January 14, 2023. ![]()
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