Does Bitcoin Hold the Largest Asset Value at Lazarus Group?

Lazarus Group, a North Korean hacking group, holds a staggering $47 million in cryptocurrency assets, with Bitcoin being the majority

Wallets linked to Lazarus Group contain around $47 million in digital assets, including $42.5 million in Bitcoin, $1.9 million in Ether, and $1.1 million in Binance Coin (BNB), as well as $10 million in stablecoins (mainly BUSD)

Following their implication in the Stake.com hack, the group's crypto holdings dropped to $86 million on September 6. The FBI and OFAC are tracking 295 wallets associated with the group

Surprisingly, Lazarus Group doesn't possess privacy coins like Monero (XMR), Dash, or Zcash (ZEC), known for being difficult to trace. Their crypto wallets remain active, with the latest transaction recorded on September 20

The survey suggests that the actual extent of Lazarus Group's holdings may be higher than reported, raising concerns about their capabilities

Lazarus Group has been involved in multiple hacks in 2023, including the CoinEx attack, which caused over $55 million in losses, and other major incidents totaling over $200 million in stolen funds

Despite their recent activities, Chainalysis reports an 80% decrease in crypto theft by North Korean-linked hackers compared to 2022, with a total of $340.4 million stolen as of mid-September

United States federal authorities have warned of potential attacks on US healthcare and public health institutions by Lazarus Group, highlighting the ongoing cybersecurity threat.