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News Explorer — Lazarus Group of North Korea Reportedly Laundered Over $200 Million in Hacked Crypto Funds

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Apr 29, 6:58 pm
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Lazarus Group of North Korea Reportedly Laundered Over $200 Million in Hacked Crypto Funds

The Lazarus Group, a notorious North Korean hacker organization, has allegedly laundered over $200 million in hacked crypto funds into fiat currency, according to an analysis by ZachXBT. The group used coin mixers such as Tornado Cash and ChipMixer, as well as peer-to-peer exchanges like Noones and Paxful, to obscure the path of funds. Industry experts, including Binance and MetaMask, have identified accounts linked to the Lazarus Group that received $44 million from their hacks and successfully converted the funds.

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