Hacker Group Lazarus Moves Assets From DMM Bitcoin Hack
The group responsible for the $305 million DMM Bitcoin hack in May is believed to have “laundered” more than $35 million on an online marketplace in Cambodia this month.
According to cryptocurrency investigator ZachXBT, the funds have been transferred to Huione Guarantee, a Cambodian company that is allegedly connected to the “ruling Hun family.” Elliptic, a blockchain analysis company, has shared this information in a post on July 10.
Elliptic reports that the marketplace, which is suspected to have ties to Lazarus Group, has processed a staggering $11 billion worth of illegally obtained cryptocurrencies, including those from previous hacks and scams.
According to ZachXBT, the investigation has revealed similarities in money laundering methods and other clues, leading to the suspicion of Lazarus Group’s involvement.
