Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic
Stolen crypto from Atomic wallets is already on the move to mixers according to Elliptic. Illicit funds gained from the $35 million Atomic Wallet hack have been moving to a crypto mixer known to be favored by North Korea’s most notorious cyber-hacking group. On June 5, blockchain compliance analytics firm Elliptic reported that its Investigations Team has traced funds from the $35 million Atomic Wallet hack to crypto mixer Sinbad.io. It claims the mixing service was previously used to launder more than $100 million in crypto assets stolen by North Korea’s Lazarus Group. Elliptic did not specify how much was sent to the mixer but noted that the loot was being swapped for Bitcoin (BTC), before being obfuscated through the mixer. Analysis of the ongoing Atomic Wallet hack, from our new Investigations Team account @Elliptic_Inv https://t.co/gbm3dX34JB — Elliptic (@elliptic) June 5, 2023 The firm also reported that Sinbad.io is likely to be a rebranded version of Blender.io, “a...