• About
  • FAQ
  • Earn Bitcoin while Surfing the net
  • Buy & Sell Crypto on Paxful
Newsletter
Approx Foundation
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Approx Foundation
No Result
View All Result
Home Regulation

North Korean Lazarus group funnels over $100 million in Ethereum through sanctioned mixer Tornado Cash in 8 days

Moussa by Moussa
March 22, 2024
in Regulation
0
North Korean Lazarus group funnels over $100 million in Ethereum through sanctioned mixer Tornado Cash in 8 days
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter



North Korea-backed Lazarus group has stepped up their use of sanctioned crypto mixer Tornado Cash, moving over $100 million worth of Ethereum through the platform in the past week.

Related articles

Ethereum price tops $3k amid current Bitcoin market rally

Ethereum price tops $3k amid current Bitcoin market rally

July 11, 2025
Bitcoin ETFs see record $1.2B inflow as market hits all-time high in dollars

Bitcoin ETFs see record $1.2B inflow as market hits all-time high in dollars

July 11, 2025

According to blockchain security firm PeckShield, addresses linked to the exploiters of Justin Sun-linked HTX exchange and Heco Bridge have transferred 40,391 ETH, equivalent to $145.7 million, via the decentralized crypto mixing tool.

A chart detailing the flow of funds shows that 18 different addresses were used to send funds to two Tornado cash addresses.

These transfers mark the first time the funds will be moving since they were stolen during the HTX and Heco bridge exploitation last November. The attack is widely believed to have been performed by North Korea-backed hackers.

Last week, CryptoSlate reported that the North Korea-backed hacker group was again utilizing the sanctioned crypto mixer Tornado Cash. This resurgence comes after the US government’s crackdown on centralized mixers like Sinbad.io.

Blockchain analytics firm Elliptic explained that Lazarus’s return to Tornado Cash reflects the challenges authorities face in curtailing the operations of such decentralized mixers.

Over $750 million stolen in 2023

North Korea-linked hackers stole more than $750 million last year from different crypto projects, South Korean news agency Yonhap reported on March 21, citing a UN report.

Last year, US authorities had linked the Lazarus group to several crypto hacks and exploitations, including the $41 million hack of online casino platform Stake and the $100 million stolen from Atomic Wallet.

Meanwhile, the total amount stolen by these state-sponsored malicious attackers drastically increases to about $3 billion when the time frame is extended to between 2017 and 2023.

According to the report, the heavily sanctioned country used these attacks to generate about 50% of its foreign currency earnings. The country also allegedly uses these illicit proceeds to fund its weapons program.

The post North Korean Lazarus group funnels over $100 million in Ethereum through sanctioned mixer Tornado Cash in 8 days appeared first on CryptoSlate.



Source link

Share76Tweet47

Related Posts

Ethereum price tops $3k amid current Bitcoin market rally

Ethereum price tops $3k amid current Bitcoin market rally

by Moussa
July 11, 2025
0

Ethereum has surged past the $3,000 mark for the first time since February, riding on the renewed momentum sweeping across...

Bitcoin ETFs see record $1.2B inflow as market hits all-time high in dollars

Bitcoin ETFs see record $1.2B inflow as market hits all-time high in dollars

by Moussa
July 11, 2025
0

US-based spot Bitcoin ETFs saw a dramatic uptick in investor activity as the top crypto price reached a new all-time...

Robinhood launches ETH, SOL staking services for US users with $1 minimum

Robinhood launches ETH, SOL staking services for US users with $1 minimum

by Moussa
July 11, 2025
0

Robinhood launched Ethereum (ETH) and Solana (SOL) staking services for U.S. customers on July 10, enabling users to earn staking...

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

by Moussa
July 10, 2025
0

The Beijing Internet Finance Industry Association (BIFA) issued a notice on July 9 urging retail investors to reject pitchbooks that...

Ethereum regains $2,700 amid lowest long/short ratio in two years and ETF cash floods

Ethereum regains $2,700 amid lowest long/short ratio in two years and ETF cash floods

by Moussa
July 10, 2025
0

Ethereum (ETH) reclaimed the $2,700 threshold one day after spot exchange-traded funds (ETFs) listed in the US tracking the asset...

Load More

youssufi.com

sephina.com

[vc_row full_width="stretch_row" parallax="content-moving" vc_row_background="" background_repeat="no-repeat" background_position="center center" footer_scheme="dark" css=".vc_custom_1517813231908{padding-top: 60px !important;padding-bottom: 30px !important;background-color: #191818 !important;background-position: center;background-repeat: no-repeat !important;background-size: cover !important;}" footer_widget_title_color="#fcbf46" footer_button_bg="#fcb11e"][vc_column width="1/4"]

We bring you the latest in Crypto News

[/vc_column][vc_column width="1/4"][vc_wp_categories]
[/vc_column][vc_column width="1/4"][vc_wp_tagcloud taxonomy="post_tag"][/vc_column][vc_column width="1/4"]

Newsletter

[vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row]
No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2024 APPROX FOUNDATION - The Crypto Currency News