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Over the past few days, several blockchain analysis firms have reported that the Lazarus Group of North Korea has moved funds using crypto mixers to avoid getting trapped.
According to an X post of Certik dated March 13, 2025, it has observed an unusual deposit of 400 ETH on Tornado Cash Mixing services. The funds deposited seem to be linked with the Lazarus Group of North Korea.
Lazarus Group continues to trouble crypto on the verge
Lazarus Group is one of the most popular illicit hacking groups or entities reportedly based in North Korea and is also claimed to be supported by the nation’s governor.
In the past few years, the Lazarus Group of NK has wiped out billions from the crypto market, with a recent hack of Bybit resulting in losses of over $1.3 billion; the group is also accused of hacking Ronin Bridge in 2022 for the sum of $600 million.
Chainalysis said in its recent report that the hackers based in North Korea collectively stole around $1.3 billion in the year 2024; the amount is 2x the amount stolen in 2023.
NK hackers gearing up to damage the market more
Earlier on March 12, 2025, Todayq reported that a study by the Socket Research Team says that the Lazarus Group of NK has deployed six malicious packages that mimicked the original libraries in repositories.
The download rate of these malicious packages is higher, and they majorly aim to trouble developers and investors; this has reportedly damaged the npm ecosystem.
Most of the time, it has been reported that these malicious packages are designed to steal important credentials like wallet phrases and passwords, which helps hackers and malicious actors victimize people’s investing in cryptocurrencies.
The usage of crypto mixers has surged to a new height among hackers and malicious actors, these services are majorly used to divert the way of illicit funds to get tracked.
Different crypto mixers charge their fee based on the transaction size and amount, yet in some cases, these applications are accused of operating illicit activities and transactions. Several nations have fully imposed restrictions on the operations of crypto mixers within their territory.
A few claims are there that the majority of crypto mixers have been charging 1- 3 % of the transaction amount to enable the usage of their services.
Market eyeing a hope of recovery
In the past 24 hours, a bullish wind has hit the bears, which helped the market add around 1.01%, and is now at $2.68 trillion. A slight correction has been noted in the fear and greed index, which is currently at 21.
Bitcoin is trying hard to regain its lost momentum, and with the addition of 1.02% in its prices, it has reached $83,209; despite this short bullishness, it has been down by 9% in the past seven days.
Also, the effect of the SEC’s decision to drop the lawsuit against Ripple has backed the market somewhat positively.
