Inside the Lazarus Group money laundering strategy

Quick Summary:

After Bybit's hack, the Lazarus Group deployed its notorious money-laundering tactics — leaving a complex trail in the aftermath of yet another high-profile crypto heist.

The attack stands as the biggest crypto heist of all time, one that rallied the community together in support of Bybit and against the hackers.

To create obfuscation, the hacker used a maze of intermediate wallets to create a complex trail aimed at confusing trackers.

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Article Details

Author / Journalist: Cointelegraph by Christopher Tepedino

Category: Crypto

Markets: United States

Topics: Bybit Laundering Money Wallets Lazarus Hack Funds Strategy Billion Assets Group

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-27 @ 21:20:47 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26490168

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 440 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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