February 16, 2024 at 09:38AM
Lazarus, the North Korean hacker collective known for large-scale cryptocurrency heists, has shifted to using YoMix bitcoin mixer for laundering stolen funds. Chainalysis reports a surge in YoMix activity tied to Lazarus, evidencing their adaptability to avoid sanctions on other mixing services. The report also details trends in cryptocurrency laundering activities in 2023.
Certainly, here are the key takeaways from the meeting notes:
– The North Korean hacker group Lazarus has shifted to using the YoMix bitcoin mixer to launder stolen proceeds following sanctions on other bitcoin mixing services.
– Blockchain analysis company Chainalysis reports that Lazarus has been actively using YoMix to launder funds, leading to a significant influx of funds into the service in 2023.
– The funds stems largely from wallets associated with crypto hacks, signaling a concerning trend in sophisticated adaptation of illicit actors to find replacement obfuscation services.
– Despite government efforts to curb money laundering activities, the report shows a decrease in the amounts sent to mixers from flagged addresses, but also an increase in cross-chain bridge utilization.
If you need further details or analysis on any specific points, please feel free to ask.