Tether, Circle, Paxos, and Techteryx, four of the leading stablecoin issuers, have identified and frozen wallets associated with the Lazarus group, a North Korean hacking group. These wallets containing millions of cryptocurrencies are believed to be involved in laundering of funds from various cryptocurrency thefts.
The multiple cyber crime incidents orchestrated by the Lazarus Group is adding to the fear and skepticism regarding cryptocurrency. According to blockchain analyst ZachXBT, the blacklisted wallets hold around $4.96 million in stablecoins including USDT, USDC, BUSD, and TUSD.
Additionally, another $1.65 million of assets linked to these wallets have been frozen by several cryptocurrency exchanges. This makes the total amount of seized funds equal to $6.98 million. This blacklisting comes after the Lazarus Group reportedly hacked Indonesian cryptocurrency exchange, Indodax, to the tune of $22 million.
Circle Faces Criticism for Delayed Action
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We współpracy z: https://www.thecoinrepublic.com/2024/09/15/stablecoin-issuers-block-lazarus-group-wallets-linked-to-crypto-hacks/
