Lazarus Group Converts ETH to BTC, Now Holds 13,562 BTC

In Brief:

North Korean-linked Lazarus Group has converted some of its ETH into Bitcoin (BTC).

The group now holds 13,562 BTC, valued at approximately $1.12 billion, according to Arkham data.

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Blockchain analytics platform Arkham has identified a significant crypto movement by the Lazarus Group, a North Korean hacking organization. The group has converted portions of its Ethereum (ETH) holdings into Bitcoin (BTC), now sitting on 13,562 BTC, currently worth $1.12 billion.

Lazarus has been linked to multiple high-profile crypto hacks, often using mixing services and decentralized exchanges to launder stolen funds. Authorities and blockchain firms continue to monitor these transactions as part of ongoing efforts to track illicit crypto activities.

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