Lazarus Group’s crypto holdings worth $900 mln spark concerns


19 Sep 2023 11:30 AM

North Korea's Lazarus Group, infamous for cyberattacks, now holds substantial BTC, ETH, and BNB. Their potential market impact is a rising concern....

  • The Lazarus Group, a North Korean cybercrime unit, has amassed substantial cryptocurrency holdings.
  • The group has a history of major cyberattacks and heists in the cryptocurrency space, resulting in the theft of at least $900 million.
  • The group's cryptocurrency portfolio is primarily composed of Bitcoin (57%), Ethereum (24%), and Binance Coin (18%).
  • The Federal Bureau of Investigation (FBI) has issued a warning about the movement of 1,580 BTC linked to the group.
  • The potential selling of the group's holdings could impact market sentiment, particularly for Binance Coin.
  • Bitcoin's price has been on an upward trajectory, potentially influenced by increased interest from cryptocurrency whales.
  • Binance Coin may be more susceptible to selling pressure due to legal issues and layoffs at the Binance exchange.
  • The Lazarus Group has been involved in cyberattacks on the CoinEx exchange, with potential ties indicated by cybersecurity firm SlowMist.


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You May Ask

How much cryptocurrency has the Lazarus Group stolen through cyberattacks?What are the major digital assets in the Lazarus Group's cryptocurrency portfolio?What warning did the FBI issue regarding the movement of Bitcoin linked to the group?How could the potential selling of the Lazarus Group's holdings impact market sentiment?Which cryptocurrency may be more susceptible to selling pressure from the group?

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