The notorious North Korean hacking collective, Lazarus Group, has amassed an impressive $47 million in various cryptocurrencies, including Bitcoin, Ether, Binance Coin, and stablecoins like Binance USD (BUSD).
Data collected by Dune Analytics, a subsidiary of 21 Shares, sheds light on Lazarus Group’s cryptocurrency holdings. As of the latest information, the group’s wallets contain approximately $42.5 million in Bitcoin, $1.9 million in Ether, $1.1 million in Binance Coin (BNB), and an additional $640,000 in stablecoins, primarily BUSD.
A Notable Decline
Interestingly, these holdings represent a significant drop from the $86 million in cryptocurrency that the group possessed on September 6, shortly after their involvement in the Stake.com hack.
Despite the decline, the Lazarus crypto wallets remain highly active, with the most recent transaction recorded on September 20. Notably, the FBI and Office of Foreign Assets Control (OFAC) have identified 295 wallets associated with the hacking group.
Lazarus Group crypto holdings. Source: Dune Analytics
It’s worth noting that the Lazarus Group’s cryptocurrency holdings do not include privacy coins such as Monero (XMR), Dash, or Zcash (ZEC), which are known for their enhanced anonymity features.
21.co, the source of this data, suggests that the reported holdings are likely a lower-bound estimation of Lazarus Group’s cryptocurrency wealth based on publicly available information.
Previous Attacks and Warnings
The Lazarus Group has been implicated in several high-profile cryptocurrency attacks, including the recent assault on CoinEx, resulting in a loss of at least $55 million. Federal authorities in the United States have also warned of the “significant risk” of potential attacks by the Lazarus Group on healthcare and public health sector entities.