{"id":16974,"date":"2024-09-15T10:37:18","date_gmt":"2024-09-15T07:37:18","guid":{"rendered":"https:\/\/forklog.com\/en\/stablecoin-issuers-freeze-nearly-5-million-linked-to-lazarus-group\/"},"modified":"2024-09-15T10:37:18","modified_gmt":"2024-09-15T07:37:18","slug":"stablecoin-issuers-freeze-nearly-5-million-linked-to-lazarus-group","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/stablecoin-issuers-freeze-nearly-5-million-linked-to-lazarus-group\/","title":{"rendered":"Stablecoin Issuers Freeze Nearly $5 Million Linked to Lazarus Group"},"content":{"rendered":"<p>The North Korean hacker group Lazarus Group has lost access to $4.96 million after stablecoin issuers blacklisted two of its addresses. The assets were identified by renowned on-chain sleuth ZachXBT.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Update: As of today all four stablecoin issuers (Paxos, Tether, Techteryx, Circle) have now blacklisted the two addresses below with $4.96M from Lazarus Group.<\/p>\n<p>0x36f2D3871edd59d5C06DB8F0b12bE928d5922A70<br \/>0x12ED7f6ed0491678764c2b222A58452926E44DB6<\/p>\n<p>Another $1.65M is frozen at\u2026 <a href=\"https:\/\/t.co\/dZSOltDRy4\">pic.twitter.com\/dZSOltDRy4<\/a><\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1834881201326178808?ref_src=twsrc%5Etfw\">September 14, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In a months-long investigation, ZachXBT tracked how the North Korean-affiliated organization laundered over $200 million in fiat and cryptocurrencies over approximately three years. The funds were stolen through 25 exploits on various blockchains.<\/p>\n<p>The expert collaborated with teams from MetaMask, Binance, TRM Labs, and Five I\u2019s LLC. As a result, companies behind the stablecoins USDT (Tether), USDC (Circle), TUSD (Techteryx), and BUSD (Paxos) froze the two wallets of the perpetrators.\u00a0<\/p>\n<p>Besides nearly $5 million in stablecoins, the addresses contain $720,000 in DAI and $313,000 in Ethereum, which could not be frozen.<\/p>\n<p>Additionally, $1.65 million of Lazarus Group&#8217;s funds have been frozen across various exchanges following the investigation.<\/p>\n<p>ZachXBT noted that the community often criticizes Tether&#8217;s compliance practices. However, Circle took the longest to decide on the freeze, taking 4.5 months. The expert was surprised to find that despite having 1,000 employees, the USDC issuer lacks a dedicated hack response team to protect the ecosystem.<\/p>\n<p>Earlier, Circle&#8217;s founder and CEO Jeremy Allaire announced the relocation of the firm&#8217;s global headquarters from Boston to New York.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The North Korean hacker group Lazarus Group has lost access to $4.96 million after stablecoin issuers blacklisted two of its addresses. The assets were identified by renowned on-chain sleuth ZachXBT. Update: As of today all four stablecoin issuers (Paxos, Tether, Techteryx, Circle) have now blacklisted the two addresses below with $4.96M from Lazarus Group. 0x36f2D3871edd59d5C06DB8F0b12bE928d5922A700x12ED7f6ed0491678764c2b222A58452926E44DB6 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,1125,807],"class_list":["post-16974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-lazarus","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16974"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16973"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}