Lazarus Group Linked to $250M DeFi Laundering Operation
On-chain analysts say the North Korean APT used a series of cross-chain bridges and mixers to obscure exploit proceeds.
Blockchain analysts published a joint report Wednesday tying a series of recent cross-chain laundering flows to the Lazarus Group, the North Korean state-sponsored actor responsible for some of the largest crypto thefts on record. The analysts estimate the operation moved approximately $250 million in exploit proceeds through bridges, decentralised exchanges, and mixing services over a 14-week period.
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