The Lazarus Group, a cybercrime collective allegedly operating under North Korean state backing, has accumulated nearly $1 billion in cryptocurrency assets through various exploits. Their most recent attack targeted centralized crypto exchange Bybit, resulting in the theft of $1.4 billion. The group has already redistributed a significant portion of the stolen funds, holding roughly $912 million worth of ETH, BTC, BNB, and BABYDOGE across multiple wallets. The scale and sophistication of their operations suggest possible state-condoned backing, and analysts believe their focus on profit and geopolitical disruption blurs traditional attribution models. Liquidating their crypto assets will be challenging due to forensic scrutiny and global enforcement efforts.



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