North Korean Hacking Outfit Lazarus Siphons $1.2M of Bitcoin From Coin Mixer

Lazarus Group, a notorious hacker group from North Korea, reportedly moved almost $1.2 million worth of Bitcoin (BTC) from a coin mixer to a holding wallet. This move, which is the largest transaction they have made in the last month, has blockchain analysts and cybersecurity experts talking.

Details of recent transactions

Two transactions totaling 27.371 BTC were made to the Lazarus Group’s wallet, according to blockchain analysis firm Arkham. 3.34 BTC were subsequently moved to a separate wallet that the group had previously used. The identity of the coin mixer involved in these transactions remains unknown. Coin mixers are used to conceal the trail of cryptocurrency transactions, making it difficult to track down the ownership and flow of funds.

The Lazarus Group’s latest effort adds to its long history of sophisticated cyber crimes, notably involving cryptocurrency. The US Treasury Department has linked them to a $600 million bitcoin theft from the Ronin bridge, which

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