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Data collated by 21.co, the parent company of the world’s largest issuer of cryptocurrency exchange-traded products, 21Shares, revealed that the notorious North Korean hacking group Lazarus currently holds more than $47 million worth of crypto assets in its wallets.
Most of Lazarus’ holdings are in BTC, with a significant portion in ETH and BNB. The infamous group allocated roughly 92% of its balance to BTC, holding $42.52 million of the leading crypto asset. Around 4% of the group’s holdings account for $1.91 million in ETH, while BNB and BUSD are worth $1.05 million and $640,000, respectively. AAVE has the smallest allocation, with 0.13%, amounting to $61,000.
The Lazarus group is believed to attack crypto entities on behalf of the North Korean government. The U.S. Federal Bureau of Investigation and Office of Foreign Assets Control have identified and are tracking 295 wallets belonging to the cybercrime unit.
Over time, Lazarus has spread its balance across various blockchains, including Avalanche, BNB Chain, Polygon, Arbitrum, Ethereum, and Bitcoin. The group’s crypto wallets are still active with a 24-hour inflow and netflow of $486. The last transaction was conducted on September 20.
Meanwhile, a recent Chainalysis report disclosed that thefts by Lazarus have declined by 80% to $340 million as of mid-September, compared to the $1.65 billion stolen last year.
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