The US government has initiated legal proceedings to seize over $2.67 million in stolen cryptocurrencies connected to the notorious Lazarus Group, a North Korean hacking organization responsible for a series of high-profile cyber heists.
On October 4, 2024, the government filed two legal actions targeting two significant hacks:
This seizure is part of a larger effort to disrupt the financial flows from these illegal activities, which have seen a total of $879 million stolen from various organizations.
Most recently, the Lazarus Group has been implicated in the hack of the WazirX exchange, resulting in a loss of $234.9 million. Their methods involve a mix of malicious cyber attacks, extortion, and theft, targeting institutions in Japan, Singapore, the United States, and Vietnam.
The seizure of these assets highlights the US government's commitment to combatting cybercrime and the illegal crypto market linked to the Lazarus Group's activities.
