North Korean hacker collective the Lazarus Group owns tens of millions of dollars worth of Bitcoin (BTC) and other digital assets, according to the latest on-chain data.
Researchers at 21.co, the parent company of 21shares, the world’s largest crypto exchange-traded product (ETP) issuer, have created a new dashboard showing the crypto holdings of the cybercrime organization, which has reportedly carried out massive hacks on behalf of the North Korean government.
The data is based on 295 crypto wallets previously identified by the US Federal Bureau of Investigation (FBI) and the Office of Foreign Assets Control (OFAC) as belonging to the Lazarus Group.
The Lazarus Group’s biggest hacks in the past two years have netted a total of $960 million, according to 21.co.
The hacks include:
- “March 29, 2022: Theft of ~$620 million from Sky Mavis’ Ronin Bridge.
- June 22, 2022: Harmony’s ~$100 million Horizon Bridge hack.
- June 2023: Theft of ~$100 million from Atomic Wallet.
- July 22, 2023: Theft of ~$60 million from Alphapo.
- July 22, 2023: Theft of ~$37 million via CoinsPaid.
- September 4, 2023: Theft of ~$41 million from Stake.com.”
The researchers note that the dashboard data “represents a lower bound of Lazarus Group’s crypto holdings, based on publicly available information.”
According to the data, Lazarus Group currently owns more than $46 million worth of digital assets.
The top holdings include 1,600 Bitcoin worth $41.8 million, 1,200 Ethereum (ETH) worth $1.91 million, and 5,000 Binance Coin (BNB) worth $1.06 million.
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Generated image: Midjourney
