In a recent development, North Korean hackers associated with the notorious Lazarus Group have exploited the coin-mixing service Tornado Cash to launder approximately $12 million worth of stolen Ethereum (ETH) within the past 24 hours.
The incident follows the theft of $100 million in cryptocurrency from the HTX crypto exchange and its HECO Bridge in November 2023, attributed to the Lazarus Group by blockchain analytics firm Elliptic and other experts.
$100M Crypto Heist And Ethereum Laundering Uncovered
The Lazarus Group, a well-known cybercrime organization believed to be backed by the North Korean regime, has a long history of conducting high-profile hacking campaigns.
According to Elliptic’s latest crypto crime report, in November 2023, the notorious Lazarus Group allegedly orchestrated a major heist targeting the HTX crypto exchange and its cross-chain bridge, resulting in the theft of $100 million in various cryptocurrencies, including Ethereum.
Evidence gath
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