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Cryptocurrency laundering spike driven by Lazarus Group
Oct. 9, 2023, 7:56 p.m. | SC Staff
SC Magazine feed for Risk Management www.scmagazine.com
Nearly $900 million worth of cryptocurrency had been laundered by North Korea's Lazarus Group through cross-chain bridges from July 2022 to July 2023, making the state-backed hacking operation a primary driver of the 111% growth in proceeds sent through cross-chain bridges during the same period, The Hacker News reports.
cross-chain cryptocurrency driver growth hacker hacking july july 2022 july 2023 korea laundering lazarus lazarus group making north north korea period ransomware reports state
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