Lazarus Group Transfers 244 BTC, Analysts Issue Warning

A transfer of 244 BTC has occurred in wallets associated with the North Korea-linked Lazarus Group. The value of this transfer is approximately $19.42 million at current prices. Market monitoring companies indicate that such transactions are typically the beginning of the process of dispersing the traces of stolen assets. The mentioned wallet controls assets worth approximately $40 million in total, with more than half of the portfolio consisting of Bitcoin. The group holds a total of 267,526 BTC. Additionally, the wallet group contains 9.29 million USDT, 1,737 ETH, and 5,024 BNB. Hupzy analysts emphasize that this transfer is unlikely to significantly impact Bitcoin prices. However, the reactivation of the wallets after a long period is noteworthy. The Lazarus Group's past methods involve splitting high-value assets into new addresses and then liquidating them through various channels. The development of monitoring tools aimed at preventing money laundering in the cryptocurrency ecosystem helps to prevent panic in the sector. Major trading platforms can detect suspicious flows more quickly, making it more difficult for hackers to convert assets directly into fiat currency.

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