Confidential UN Report Exposes Lazarus Group’s $147.5M Stolen Crypto Transfer to North Korea

A confidential United Nations report obtained by Reuters reveals that North Korea’s notorious cybercriminal group known as the Lazarus Group transferred millions of stash of stolen cryptocurrency back to the Asian country last year.

The monitors also reported that North Korean IT workers abroad earn significant income for their country based on information from U.N. member states and private companies. They were also looking into a New York Times report from February 6, which claimed that Russia had released $9 million out of $30 million in frozen North Korean assets and had permitted Pyongyang to open an account at a Russian bank in South Ossetia, facilitating better access to international banking networks.

In 2022, the US sanctioned Tornado Cash, accusing it of aiding North Korea. In 2023, two of its co-founders were charged with facilitating over $1 billion in money laundering, including for a cybercrime group associated with North Korea.released by the UNSC revealed that North Korea acquired 50% of its foreign exchange earnings from cyberattacks. The nation expanded its targeting of cryptocurrency platforms in 2023, hitting more than ever before.

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