North Korea Hackers, Lazarus Group Account For Massive $47M In Cryptocurrency Theft
Portfolio Pulse from Khyathi Dalal
North Korea-based hacking collective, Lazarus Group, is responsible for a $47 million cryptocurrency theft, including Bitcoin, Ethereum, BNB, and Binance USD. The data was collected by Dune Analytics from 21.co, the parent company of 21Shares. The value of crypto holdings by Lazarus Group could be significantly higher than reported. Chainalysis data indicates that North Korea-linked hackers saw an 80% drop in crypto thefts from 2022 levels.
September 25, 2023 | 5:44 pm
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NEGATIVE IMPACT
BNB was part of the cryptocurrencies stolen by Lazarus Group, accounting for $1.1 million of the total theft.
The theft of BNB by Lazarus Group could potentially impact the market perception of the security of BNB, leading to a negative short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Bitcoin was the majority of the holdings stolen by Lazarus Group, accounting for $42.5 million of the total theft.
The theft of a large amount of Bitcoin by Lazarus Group could potentially impact the market perception of the security of Bitcoin, leading to a negative short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Binance USD was part of the cryptocurrencies stolen by Lazarus Group, accounting for $640,000 of the total theft.
The theft of Binance USD by Lazarus Group could potentially impact the market perception of the security of Binance USD, leading to a negative short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Ethereum was part of the cryptocurrencies stolen by Lazarus Group, accounting for $1.9 million of the total theft.
The theft of Ethereum by Lazarus Group could potentially impact the market perception of the security of Ethereum, leading to a negative short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80