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"Lazarus Group isn't an occasional player in the hacking world; it is frequently the prime suspect in major crypto heists. The North Korean state-backed group has siphoned billions from exchanges, tricked developers, and bypassed even the industry's most sophisticated security measures."

A U.S. appeals court ruled that the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) acted outside its authority when it sanctioned crypto-asset mixer Tornado Cash in 2022 and accused it of helping launder over $7 billion for North Korean hackers and other malicious cyber actors. Crypto-asset mixers are anonymized software tools that allow users to conceal the source or owner of digital assets. OFAC blacklisted Tornado Cash after concluding it was helping launder proceeds of cyber crimes, including more than $455 million stolen by the Lazarus Group, a North Korean government-backed hacking group. The ruling said that federal law only gave OFAC the authority to regulate property, which Tornado Cash's immutable crypto-mixing smart contracts did not constitute. https://drive.google.com/file/d/1x3im8DdYdItlP6Hw4VF5JiBV1ccuKE6X/view

"Crypto stolen from the massive $1.4 billion hack of the Bybit crypto exchange is likely to be laundered through mixers as the hackers continue to attempt to obfuscate the transaction trail. If previous laundering patterns are followed, we might expect to see the use of mixers next, reported blockchain security firm Elliptic, which attributed the theft to North Korea's Lazarus Group. However, this may prove challenging due to the sheer volume of stolen assets."

"Elliptic has attributed the Bybit theft to North Korea's Lazarus Group, based on various factors, including our analysis of the laundering of the stolen cryptoassets. North Korea-linked actors have stolen over $6 billion in cryptoassets since 2017, with the proceeds reportedly spent on the country's ballistic missile program."