On-Chain Data: North Korean Hackers Lazarus Group Owns More Than $46,000,000 in Bitcoin, Ethereum

It has been revealed the fact that the hacker group called Lazarus holds more than $46 million in BTC, ETH, and more digital assets. Check out the latest report about the matter below.

According to recent on-chain data, the Lazarus Group, a North Korean hacker collective, possesses millions of dollars worth of Bitcoin (BTC) and other digital assets.

Researchers at 21.co, the parent company of 21shares, the largest crypto exchange-traded product (ETP) issuer in the world, have developed a new dashboard displaying the cybercrime organization’s crypto holdings.

The Lazarus Group has allegedly carried out major hacks on behalf of the North Korean government. This information is based on 295 crypto wallets previously identified by the US Federal Bureau of Investigation (FBI) and Office of Foreign Assets Control (OFAC) as belonging to the Lazarus Group.

According to 21.co, the Lazarus Group has been responsible for some of the biggest hacks in the past two years, resulting in a total of $960 million stolen.

These hacks include stealing around $620 million from Sky Mavis’ Ronin Bridge in March of 2022, around $100 million from Harmony’s Horizon Bridge in June of 2022, around $100 million from Atomic Wallet in June of 2023, around $60 million from Alphapo and around $37 million from CoinsPaid in July of 2023, and around $41 million from Stake.com in September of 2023.

However, the researchers note that this is only an estimate based on publicly available information and may not be entirely accurate.

Based on the available data, it appears that the Lazarus Group has amassed over $46 million in digital assets. This includes 1,600 Bitcoin worth $41.8 million, 1,200 Ethereum valued at $1.91 million, and 5,000 Binance Coin worth $1.06 million.

It has been just revealed that a terrible warning is floating above the crypto space. Bitcoin mining could be taken over by BlackRock and the big players.

According to Bloomberg’s crypto market analyst, Jamie Coutts, Bitcoin (BTC) might be vulnerable to being taken over by the powerhouses of the traditional financial system. Check out the latest reports about the matter in our previous article.