North Korea’s Lazarus Group Reportedly Linked to Atomic Wallet Exploit

North Korea’s Lazarus Group Reportedly Linked to Atomic Wallet Exploit

Elliptic did not reveal the amount delivered to the mixer by the hacker.
Bitcoin was being exchanged for the stolen funds before they were muddled.
North Korea’s most renowned cyber-hacking organization has been linked to a cryptocurrency mixer where illicit proceeds from the $35 million Atomic Wallet attack have been circulating. Elliptic, a provider of blockchain compliance analytics, said on June 5 that its Investigations Team has linked crypto mixer Sinbad.io to the theft of $35 million from the Atomic Wallet.
According to the report, the Lazarus Group in North Korea utilized the mixing service to siphon over $100 million in stolen cryptocurrencies. While Elliptic would not reveal the amount delivered to the mixer, they did say that Bitcoin was being exchanged for the stolen funds before they were muddled.
Too Late for Recovery
According to the same source, Blender.io, “another mixer heavily used to launder Lazarus Group funds,” and the first mixer to be sanctioned by the U.S

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