Amidst growing concerns of illicit activities involving cryptocurrencies, reports have emerged linking North Korean hackers associated with the notorious Lazarus Group to an exploit of Ethereum (ETH) through the virtual currency mixer Tornado Cash.
It is alleged that the hackers are now involved in a transfer to BlackRock, the largest asset management firm, as claimed by a user of social media platform X (formerly Twitter).
Alleged Transaction Links North Korean Hackers To BlackRock
The user, operating under the pseudonym “Icebergy,” shared an image suggesting a transaction tied to North Korean hackers transferring 1 ETH, valued at $3,270, to BlackRock for undisclosed reasons.
If true, this development may pose challenges for the asset manager. Tornado Cash and the Lazarus Group have faced increased scrutiny from US regulators due to potential illicit activities facilitated by the mixer and alleged violations of anti-money laundering (AML) regulations within the US
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