Lazarus is Cashing Out!
đ° The notorious North Korean Lazarus Group has started laundering the stolen Bybit funds.
đ”ïžââïž Crypto sleuth ZachXBT uncovered their tracks and received $50K for his work.
đ How they do it:
âą Convert ERC-20 tokens into ETH.
âą Run ETH through mixers, turning it into BTC.
âą Withdraw BTC into cash through Asian exchanges.
âł This method takes time â just like funds stolen in 2016, which are still in North Korea!
đ„ The largest crypto hack in history, but when (or if) the money will hit the market is still unknown.
#BybitSecurityBreach #LitecoinETF #BinanceAirdropAlert #BinanceAirdropAlert #BinanceAlphaAlert $BTC $SOL
đ° The notorious North Korean Lazarus Group has started laundering the stolen Bybit funds.
đ”ïžââïž Crypto sleuth ZachXBT uncovered their tracks and received $50K for his work.
đ How they do it:
âą Convert ERC-20 tokens into ETH.
âą Run ETH through mixers, turning it into BTC.
âą Withdraw BTC into cash through Asian exchanges.
âł This method takes time â just like funds stolen in 2016, which are still in North Korea!
đ„ The largest crypto hack in history, but when (or if) the money will hit the market is still unknown.
#BybitSecurityBreach #LitecoinETF #BinanceAirdropAlert #BinanceAirdropAlert #BinanceAlphaAlert $BTC $SOL
