The Lazarus Group, infamous for its cyberattacks, has once again drawn attention with a successful trade of Wrapped Bitcoin ($WBTC), earning a $2.51 million profit.
Lazarus Group's Crypto Deal
According to blockchain data, the group purchased 40.78 WBTC in February 2023 for $999,900 USDT, at a rate of about $24,521 per WBTC. Just 12 hours ago, the hackers sold their holdings for 1,857 ETH, achieving an average price of approximately $86,170 per WBTC.
Movement of Funds
Following the sale, the Lazarus Group split the funds into three separate wallet addresses. This action is consistent with previous methods used by the group to obscure their digital trail and mitigate detection risk.
Implications for the Crypto Community
While this transaction does not pose a direct threat to ordinary users, it highlights how advanced state-backed hackers like the Lazarus Group have become. Their ability to exploit market timing and conduct high-value transactions remains a concern for global regulators and blockchain analysts.
The rising asset prices and growing adoption of cryptocurrencies underscore the importance of tracking and tracing attempts to illegally move large sums, which is becoming increasingly relevant for the community.
