Unmasking Lazarus: Deciphering the $41 Million Hack of @Stake
A recent announcement by the FBI has put the cybersecurity community on high alert. The North Korean Lazarus group has been identified as the culprits behind the massive $41 million hack of @Stake. Given the significance of this breach, we took it upon ourselves to delve into the financial intricacies of this notorious group. Our investigation spanned across several blockchain platforms, namely ethereum, bsc, polygon, and bitcoin, focusing on 33 known Lazarus wallet addresses.
From our research, here are some of the salient points we uncovered:
- The collective net worth of all 33 Lazarus wallets stands at a staggering $39 million.
- Breaking it down, the average net worth of each wallet address is approximately $1.18 million.
- Ethereum ($Eth) emerges as their most substantial holding.
- Interestingly, these wallets have no active DeFi credit or debt positions.
- The highest volume of funds entering these wallets is in Binance Coin ($BNB).
- On the flip side, the most significant volume leaving these wallets is in Polygon's native token, $MATIC.
- Bitcoin ($BTC) is the cryptocurrency that most frequently finds its way into these wallets.
- Again, $MATIC stands out as the cryptocurrency most commonly transferred out of these wallets.
- When it comes to trading volumes, $BNB tops the chart.
It's crucial for the crypto community and financial institutions to be vigilant and monitor how these wallets may attempt to liquidate or move their holdings.
For those inclined to conduct a detailed investigation, there's a tool provided by @loch_chain that offers insights into the portfolio.
You can access it [here](https://app.loch.one/whale-watch/63809868e00aa9258b1f1a9d/lazarus-group).
Furthermore, to ensure credibility and provide a comprehensive understanding, the link to the official FBI news release on this matter is available on the FBI's website, shedding light on the Lazarus group's audacious theft.
https://www.fbi.gov/news/press-releases/fbi-identifies-lazarus-group-cyber-actors-as-responsible-for-theft-of-41-million-from-stakecom
Unmasking Lazarus: Deciphering the $41 Million Hack of @Stake
A recent announcement by the FBI has put the cybersecurity community on high alert. The North Korean Lazarus group has been identified as the culprits behind the massive $41 million hack of @Stake. Given the significance of this breach, we took it upon ourselves to delve into the financial intricacies of this notorious group. Our investigation spanned across several blockchain platforms, namely ethereum, bsc, polygon, and bitcoin, focusing on 33 known Lazarus wallet addresses.
From our research, here are some of the salient points we uncovered:
- The collective net worth of all 33 Lazarus wallets stands at a staggering $39 million.
- Breaking it down, the average net worth of each wallet address is approximately $1.18 million.
- Ethereum ($Eth) emerges as their most substantial holding.
- Interestingly, these wallets have no active DeFi credit or debt positions.
- The highest volume of funds entering these wallets is in Binance Coin ($BNB).
- On the flip side, the most significant volume leaving these wallets is in Polygon's native token, $MATIC.
- Bitcoin ($BTC) is the cryptocurrency that most frequently finds its way into these wallets.
- Again, $MATIC stands out as the cryptocurrency most commonly transferred out of these wallets.
- When it comes to trading volumes, $BNB tops the chart.
It's crucial for the crypto community and financial institutions to be vigilant and monitor how these wallets may attempt to liquidate or move their holdings.
For those inclined to conduct a detailed investigation, there's a tool provided by @loch_chain that offers insights into the portfolio.
You can access it [here](https://app.loch.one/whale-watch/63809868e00aa9258b1f1a9d/lazarus-group).
Furthermore, to ensure credibility and provide a comprehensive understanding, the link to the official FBI news release on this matter is available on the FBI's website, shedding light on the Lazarus group's audacious theft.
https://www.fbi.gov/news/press-releases/fbi-identifies-lazarus-group-cyber-actors-as-responsible-for-theft-of-41-million-from-stakecom
Continue reading
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Unmasking Lazarus: Deciphering the $41 Million Hack of @Stake
Jul 9, 2023
Unmasking Lazarus: Deciphering the $41 Million Hack of @Stake
Jul 9, 2023