Main Points:
- Address linked to $305 million DMM Bitcoin hack moves 500 Bitcoin
- ZachXBT implicates Lazarus Group in the hack
- Attackers launder stolen crypto through exchanges like Huione
Crypto Address Movement
A crypto address associated with the $305 million DMM Bitcoin hack in May has transferred 500 Bitcoin, valued at approximately $30.4 million. PeckShield Alert reported that the Bitcoin was split between two addresses, each receiving around 250 BTC.
Lazarus Group Involvement
Blockchain investigator ZachXBT pointed the finger at the Lazarus Group, a notorious hacking outfit linked to the Democratic People’s Republic of Korea, for the DMM Bitcoin attack. The stolen funds were reportedly divided into smaller batches post-attack, with recent movements implicating the group further.
Exchange Laundering
The attackers have been using exchanges like Huione to launder the stolen Bitcoin. In July, it was revealed that approximately $35 million of the stolen funds had been transferred to Huione. Tether also froze a Tron wallet linked to Huione, containing over $28 million in USDT suspected of being illicitly acquired.
