Crypto laundering has been an issue for the industry for a long time now. However, resurfacing as an issue creator, by using sophisticated techniques like coin mixers and peer-to-peer exchanges, the North Korean hacking collective Lazarus Group has been able to launder almost $200 million in bitcoin that has been stolen.
Crypto Laundering Resurfaces
After conducting a thorough examination, the digital investigators discovered that money from over 25 separate attacks on different blockchains had been laundered. The Lazarus Group had hidden the source of the illegal funds by using Bitcoin-based ChipMixer and Ethereum mixer Tornado Cash.
Previously, it has been seen that the hacking outfit Lazarus outfit, which is purportedly controlled by the North Korean government, has engaged in multiple exploitation attacks. Using a coin mixer called Tornado Cash, the group has transferred…
