Uncovering Lazarus’ money laundering strategy
Following the Bybit hack, the Lazarus Group deployed its notorious money laundering tactics — leaving a sophisticated trail behind yet another high-profile cryptocurrency theft.

Following the Bybit hack, the Lazarus Group deployed its notorious money laundering tactics — leaving a sophisticated trail behind yet another high-profile cryptocurrency theft.
Will quantum computing destroy Bitcoin? This topic, which has a folk-scientific quality, always causes widespread discussion/FUD every once in a while.
According to an investigation by cryptocurrency sleuth ZachXBT, the Lazarus Group laundered $200 million worth of cryptocurrency into fiat currency between August 2020 and October 2023.
The current offer would mean selling the company to Farenheit Consortium, and customers getting between 67-85% of their money back.
North Korea-linked cybercrime syndicate Lazarus Group has reportedly transferred $63.4 million in Ethereum from 2022’s mammoth Harmony bridge hack, depositing it on Binance, Huobi, and OKX.
The news comes as Google deepens its footprint in the web3 world with a number of crypto projects.
Authorities have warned that a North Korean hacker group known as Lazarus is highly likely targeting Japanese crypto asset-related operators in its cyberattacks.
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