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Will the laundered $35 million from DMM Bitcoin hack be recovered by end of 2024?
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Story
Lazarus Group Linked to $305M Hack of Japanese Exchange DMM Bitcoin, $35M Laundered in July
Jul 15, 2024, 10:15 AM
In July 2024, more than $35 million from the $305 million hack of Japanese exchange DMM Bitcoin has been laundered through the online marketplace Huione Guarantee. The hack, which occurred in May, has been linked to the notorious Lazarus Group, a North Korean cybercrime syndicate known for its sophisticated maneuvers. Blockchain investigator ZachXBT reported the laundering activities, and PeckShieldAlert noted that a hacker-labeled address transferred 500 BTC, worth approximately $31.5 million, to a new address.
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