North Korean Hackers Lazarus Group Steal $3.1M on Tron, Launder Funds via Tornado Cash

In Brief

Lazarus Group hacked an unknown victim on Tron, stealing $3.1 million on February 28.

The stolen funds were converted to ETH, split into ten addresses, and deposited into Tornado Cash.

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According to on-chain investigator ZachXBT, the North Korean cybercrime group Lazarus executed a $3.1 million attack on the Tron network. The stolen funds were quickly swapped for ETH, fragmented into ten different addresses, and funneled through Tornado Cash, a popular crypto mixer often used to obscure transaction trails.

Lazarus Group has been linked to numerous high-profile crypto exploits, including attacks on exchanges, DeFi protocols, and bridge networks. Their use of Tornado Cash makes tracking and recovering stolen assets increasingly difficult.

With North Korean-linked hacks surging in recent years, blockchain security firms and exchanges continue to monitor and flag suspicious transactions in an effort to mitigate illicit fund flows.

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