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North Korean Lazarus Group's $200M Crypto Laundering Operations Exposed by On-Chain Investigator

Pseudonymous on-chain investigator ZachXBT has meticulously detailed how the Lazarus Group, the infamous North Korean hacking syndicate, allegedly laundered over $200 million in hacked cryptocurrency funds into fiat currency. According to the report, Lazarus Group employed multiple coin mixers in their money laundering efforts. These mixers aim to obfuscate the origin and destination of transactions by blending them with other tokens, transactions, and addresses. In addition to leveraging coin mixers, the hacker group frequently transferred tokens across different blockchains to further complicate the tracing of funds.


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