Summary
- Lazarus reportedly sold 40.78 Wrapped Bitcoin, earning approximately $2.51 million.
- The Wrapped Bitcoin purchased at approximately $24,521 each during the investment is now sold at approximately $86,170 each.
- Along with the sale, the earnings were converted into 1,857 Ethereum and distributed to three wallet addresses.
It has been revealed that North Korea's hacking group under the Reconnaissance General Bureau, Lazarus, sold Wrapped Bitcoin (WBTC) and earned over $2.5 million (approximately 3.7 billion KRW).
On-chain analysis platform Spot On Chain announced on its official X account on the 3rd, "Today, Lazarus sold 40.78 Wrapped Bitcoin, earning approximately $2.51 million," and added, "The Wrapped Bitcoin sold was purchased by Lazarus two years ago."
Spot On Chain stated, "Lazarus bought Wrapped Bitcoin in February 2023 at approximately $24,521 each." It continued, "(Lazarus) sold the Wrapped Bitcoin 12 hours ago at approximately $86,170 each and converted the funds into 1,857 Ethereum (ETH)," adding, "The converted Ethereum was distributed to three wallet addresses."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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