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07 October, 2024

US Government Targets Lazarus Group: Seizes Bitcoin and Tether in $879 Million Hacking Case

07 October, 2024

In a significant move against North Korea-linked hacking group Lazarus, the US government has initiated civil forfeiture proceedings in the District of Columbia. The action aims to seize Bitcoin and Tether assets allegedly tied to Lazarus’s illicit activities, which have resulted in over $879 million in stolen cryptocurrency.

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The US government’s complaint details how the Lazarus Group, known for its sophisticated cyberattacks, has been implicated in a series of high-profile hacks targeting cryptocurrency exchanges and other financial institutions. The seized assets represent a major blow to the group’s operations and highlight the ongoing efforts to combat cybercrime in the digital asset space.

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This case underscores the growing concern over state-sponsored hacking activities in the cryptocurrency industry. The US government’s assertive action demonstrates its commitment to disrupting these illicit operations and ensuring the security of the digital asset ecosystem.