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Lazarus Group has been funding North Korea’s entire nuclear program with stolen crypto

Summary by CryptoPanic

North Korea’s nuclear weapons aren’t getting funded by coal or taxes. They’re being powered by stolen crypto. On July 18 2024, the North Korean government’s top hacking unit Lazarus Group broke into WazirX, India’s biggest crypto exchange. In just over an hour, they disappeared with more than...

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opalesque.com

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How North Korea cheated its way to crypto billions From WSJ: At 11:49 a.m. on July 18, North Korean hackers pounced on a major cryptocurrency exchange handling hundreds of millions of dollars. The hackers slipped into the exchange's virtual vault, took control and then started pilfering cryptocur... Article link

19 hours ago

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Crypto Digital Currency News ©

North Korean hackers net $2.5 million profit after WBTC sales

Blockchain intelligence platform SpotOnChain reported that North Korea’s state-backed hacking group, Lazarus, has pocketed over $2.5 million in profit from a recent sale of wrapped Bitcoin (WBTC). On April 3, the group sold 40.78 WBTC for 1,857 ETH, worth roughly $3.51 million. The sale marks a sharp return on their February 2023 investment, when they…

20 hours ago

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The Defiant

Lazarus Group Profits $2.5 Million from WBTC Sales Amid $6 Billion Crypto Theft for Nuclear Weapons Program

North Korean hackers, specifically from the Lazarus Group, have reportedly profited over $2.5 million from recent cyber attacks involving Wrapped Bitcoin (WBTC) sales. This incident is part of a broader trend where North Korea has stolen more than $6 billion in cryptocurrencies over the past decade to fund its nuclear weapons program. Investigators have noted that these hackers are both patient and brazen, utilizing tactics such as combing throu…

22 hours ago

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cryptotale.org

Lazarus Group Makes $2.51M Profit from $WBTC Sale: Report

Lazarus Group earned a $2.51M profit after selling 40.78 WBTC purchased two years ago. The group’s WBTC investment surged, earning a 251% return after the recent sale. Lazarus continues laundering funds, holding $1.1B in crypto assets across its linked wallet. North Korea’s Lazarus Group reportedly made a profit of $2.51 million after selling 40.78 Wrapped Bitcoin (WBTC), which it had purchased two years ago. The group’s wallet sold the WBTC for…

1 day ago

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Tron Weekly Journal

Lazarus Group Reportedly Gains $2.51M From Selling WBTC

The notorious Lazarus Group from North Korea has allegedly made a profit of $2.51 million by selling 40.78 Wrapped Bitcoin for 1,847 Ethereum after holding it for nearly two years. The group has actively been laundering stolen crypto, moving about 500,000 ETH, which is worth $1.39 billion, from the Bybit hack within 10 days to THORChain to process transactions. The notorious Lazarus Group from North Korea has allegedly earned $2.51 million by se…

1 day ago

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