Lazarus Group’s crypto holdings worth $900 mln spark concerns

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North Korea's Lazarus Group, infamous for cyberattacks, now holds substantial BTC, ETH, and BNB. Their potential market impact is a rising concern.

The transaction patterns meticulously employed by the Lazarus Group remained remarkably consistent with their modus operandi in prior operations.

As of the present moment, the Lazarus Group’s cryptocurrency portfolio is anchored by three major digital assets:Notably, on August 22, the Federal Bureau of Investigation issued a stern warning regarding the movement of approximately 1,580 BTC linked to the group, thereby sounding the alarm for a possible cash-out attempt involving this substantial sum.

This notable surge may be attributed, at least in part, to heightened interest exhibited by cryptocurrency whales. Glassnode’s data revealed that addresses that held more than 1 Bitcoin reached a new all-time-high.

 

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