The notorious group of hackers used a combination of crypto mixers and peer-to-peer marketplaces to launder the stolen funds.
Lazarus Group, the infamous North Korean state-backed hackers, has laundered over $200 million worth of stolen crypto between 2020 and 2023.
The infamous group of hackers managed to launder over $200 million worth of stolen funds from over 25 crypto hacks, according to pseudonymous on-chain researcher ZachXBT’s April 29 X post.
Lazarus is among the most notorious groups of crypto hackers that first emerged in 2009. In total, the Lazarus Group has stolen over $3 billion in crypto assets in the six years leading up to 2023.
