Inside the Lazarus Group money laundering strategy

, By Cointelegraph
Inside the Lazarus Group money laundering strategy
Blockchain

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In the post-mortem of the $1.5 billion Bybit hack, two blockchain research organizations — Nansen and Chainalysis — have revealed the Lazarus Group’s money laundering strategy, which includes swapping illiquid assets for liquid assets, creating a complex money trail, and letting certain wallets sit dormant to let scrutiny die down.

According to Nansen, the typical Lazarus Group strategy first involves swapping the illiquid assets into those that are more fungible and, therefore, easier to move. After the Bybit hack, the perpetrator converted at…



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Inside the Lazarus Group money laundering strategy

, Published By Cointelegraph
Inside the Lazarus Group money laundering strategy
Blockchain


In the post-mortem of the $1.5 billion Bybit hack, two blockchain research organizations — Nansen and Chainalysis — have revealed the Lazarus Group’s money laundering strategy, which includes swapping illiquid assets for liquid assets, creating a complex money trail, and letting certain wallets sit dormant to let scrutiny die down.

According to Nansen, the typical Lazarus Group strategy first involves swapping the illiquid assets into those that are more fungible and, therefore, easier to move. After the Bybit hack, the perpetrator converted at…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News
iOS 18.4 beta features, Apple Vision Pro updates, iPhone 16e reviews
Next News
Meta is firing about 20 employees for leaking
Cointelegraph

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