Lazarus group turns to Garantex to launder stolen assets
The Lazarus Group, known for its cybercriminal activities, has shifted its focus to Garantex, an OFAC-sanctioned exchange, to trade stolen assets for bitcoin (BTC). This move comes despite significant efforts from various stakeholders, including on-chain monitor Elliptic, exchange partners, and the wider community, to freeze the stolen funds held in Atomic Wallet. After a significant and successful cross-community effort between @elliptic, many of our exchange partners and friends to freeze stolen @AtomicWallet funds, Lazarus have now turned to OFAC-sanctioned Exchange, Garantex, to trade their assets for BTC… pic.twitter.com/5Lk9DeGjr8 — Elliptic Investigations (@Elliptic_Inv) June 12, 2023 The Lazarus Group, a state-sponsored hacking group with alleged links to North Korea, has a long history of conducting high-profile cyber attacks targeting cryptocurrency exchanges, financial institutions, and other lucrative targets. In this instance, their attention has tur...