The Lazarus Group, which has ties to North Korea, has been implicated in the theft of almost $900 million of those revenues between July 2022 and July of this year. As much as $7 billion in bitcoin has been illegally laundered through cross-chain crime.
Blockchain analytics company Elliptic stated in a new research released this week that “chain- or asset-hopping typologies are also on the rise” as traditional institutions like mixers continue to be the target of seizures and sanctions scrutiny.
Cross-chain crime is the act of moving crypto assets quickly across tokens or blockchains in an effort to conceal their origin. It is a profitable way to cover up crypto thefts read more North Korea’s Lazarus Group Launders $900 Million in Cryptocurrency.
Stay informed with the best cybersecurity news and raise your cybersecurity awareness with our comprehensive coverage of the latest threats, breaches, and solutions.