North Korea-Linked Lazarus Group Possibly Involved in $3.2 Million Solana Theft and Crypto Laundering
2025-07-04 05:36:06
Main Idea
The North Korea-linked Lazarus Group has stolen $3.2 million in Solana assets, laundering the funds through Tornado Cash, as part of a broader $1.6 billion crypto theft this year, highlighting evolving tactics and vulnerabilities in the crypto sector.
Key Points
1. Lazarus Group executed a $3.2 million Solana theft on May 16, converting the funds to Ethereum and laundering 800 ETH through Tornado Cash.
2. Approximately $1.25 million remains in an Ethereum wallet, indicating ongoing laundering activities.
3. The group also exploited NFT projects ChainSaw and Favrr, minting and dumping NFTs illicitly for an estimated $1 million.
4. Blockchain analytics firm TRM Labs estimates North Korea has stolen $1.6 billion in crypto this year through cybercrime.
5. The attacks demonstrate the group's use of advanced laundering methods and cross-chain vulnerabilities.
Description
North Korea’s Lazarus Group has been identified in a recent $3.2 million Solana theft, showcasing their sophisticated cyberattack capabilities in the crypto space. The attackers employed advanced laundering techniques, including
Latest News
- Bitcoin Mempool Nears Empty Despite Price Peaks, Indicating Possible Shift in Network Activity2025-07-06 15:33:22
- $8.6 Billion Bitcoin Transfer Sparks Speculation Over Wallet Upgrade or Government Settlement2025-07-06 15:32:25
- Chainlink Whale Accumulation Increases Amid Retail Apathy, Potential Price Movement Possible2025-07-06 15:19:46
- Lisk Highlights Growing Crypto Adoption and Developer Shift in High-Growth Markets2025-07-06 15:07:32
- Bitcoin Price Trends in 2025 May Reflect Past Cycles Amid Geopolitical and Market Uncertainties2025-07-06 14:43:00