Recent data reveals that the North Korean hacking collective known as the Lazarus Group is holding approximately $47 million in cryptocurrency, with the majority of it in Bitcoin. This information was gathered from Dune Analytics by 21.co, the parent company of 21Shares.
These wallets associated with the Lazarus Group currently contain $42.5 million in Bitcoin, $1.9 million in Ether, $1.1 million in Binance Coin (BNB), and an additional $640,000 in stablecoins, primarily BUSD.
However, it’s worth noting that the amount of cryptocurrency held by the group has decreased from $86 million, which they had on September 6, just a few days after their involvement in the Stake.com hack.
The data from Dune Analytics tracks 295 wallets that have been identified by the U.S. Federal Bureau of Investigation (FBI) and the Office of Foreign Assets Control (OFAC) as belonging to the Lazarus Group.
What’s surprising is that the group doesn’t appear to hold any privacy coins like Monero (XMR), Dash, or Zcash (ZEC), which are typically more challenging to trace.
Despite the decrease in holdings, the Lazarus crypto wallets remain highly active, with the most recent transaction recorded on September 20.
21.co also pointed out that the group’s actual holdings could be much higher than reported, stating, “We should note that this is a lower-bound estimation of Lazarus Group’s crypto holdings based on publicly available information.”
Earlier this month, it was reported that the Lazarus Group was responsible for the attack on the crypto exchange CoinEx, resulting in a loss of at least $55 million.
Furthermore, the FBI has attributed the Lazarus Group to hacks on Alphapo, CoinsPaid, and Atomic Wallet, with a total stolen amount of more than $200 million in 2023.