Krutika Adani
Leading all the hackers, the Lazarus Group, backed by the North Korean government, continues to be the most notorious yet successful group of criminals.
Axie Infinity ($624 million) and Harmony Protocol ($100 million) are two notable cases linked to these hackers.
A report submitted by the United Nations reveals that defi hacks continue to be the main source of crypto for these hackers. The other sources are individual wallets and phishing.
A possible nexus between North Korea and Russia to launder funds has also been reported, as both countries continue to be on the US Sanctions list.
The North Korean-based hackers are reported to have already laundered $1 billion from their $3 billion stash. The proceeds have been used for weapons research and development.