North Korean hackers actively launder Stake’s $3.6m
North Korea’s hackers are using intermediaries, a cross-chain bridge and at least one centralized exchange to launder $3.6 million in stolen crypto. The North Korea-affiliated Lazarus Group sent a lightly over 2,227 ETH (valued at ~$3.6 million as of press time) to two intermediary addresses in an effort to cover its tracks. According to an X post published by PeckShieldAlert, the intermediaries have sent over 11,000 in ETH to Swft Blockchain, cross-chain swap protocol. For some unknown reason the intermediaries have also sent around $4,560 in ETH to Binance, a centralized cryptocurrency exchange. Stake.com crypto laundering scheme | Source: X Most of the stolen crypto was swapped for at least 80 BTC (worth ~$2.16 million) and then bridged to the Bitcoin network via THORChain, a cross-chain bridge enabling swaps without wrapped or pegged assets. You might also like: North Korean hackers turn to Russia to launder crypto PeckShield says one of the intermediary addre...