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Khyathi Dalal

North Korea’s Lazarus Group: $47M Cryptocurrency Theft

Lazarus Lazarus Group Crypto North Korea Bitcoin Jakub Porzycki Ethereum
Representation of Bitcoin is seen with binary code displayed on a laptop screen in this illustration photo taken in Krakow, Poland in 2021. Chainalysis data indicates that North Korea-linked hackers saw a drop of 80% in crypto thefts from 2022 levels. JAKUB PORZYCKI/ NURPHOTO VIA GETTY IMAGES.

Lazarus Group, the North Korea-based hacking collective, accounts for a huge $47 million in cryptocurrency theft which includes Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) ($1.9 million), BNB (CRYPTO: BNB) ($1.1 million) and some stablecoins ($640,000) including Binance USD (CRYPTO: BUSD), as reported by CoinTelegraph.

However, the majority of the holdings consist of Bitcoin ($42.5 million).

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