Bitcoin, Binance and Binance, are just some of the assets owned by bitcoin

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Bitcoin, Binance and Binance, are just some of the assets owned by bitcoin

The Lazarus Group, a cybercrime group connected to North Korea, has nearly $47 million in crypto holdings, 92% of which is Bitcoin.

Data collated by 21.co, the parent company of 21Shares, the world's largest exchange-traded cryptocurrency exchange-traded product, highlighted that wallet addresses linked to Lazarus Group currently hold approximately $46.14 million in digital assets.

Bitcoin has the biggest chunk of the total holdings, which comprises 92.11% of the assets worth $42.5 million, followed by Ether worth $1.9 million, Binance coin worth $1.1 million and $640,000 in stablecoins mainly made up of Binance stablecoin.

The FBI and the Treasury Department's Office of Foreign Assets Control in New York City identified the data from 295 wallets as being owned by the notorious cybercrime group.

The Lazarus Group does not have any privacy coins, which are a lot harder to trace than ERC-20 tokens and other crypto assets. The FBI said it is behind some of the largest hacks in the cryptocurrency market over the past few years.

based on publicly available information, 21.co said s crypto holdings were based on publicly available information.

The Lazarus Group has also been linked to the hacking of the cryptocurrency exchange coinEx, which lost more than $55 million in cash this month.

Crypto exchange platforms in Russia have been used by hackers and hacker groups believed to be backed by North Korea to launder their stolen data, according to a recent report by blockchain analysis firm Chainalysis.

The uncooperative stance towards international efforts by law enforcement makes the prospect of recovering stolen funds sent to Russian exchanges particularly grim, Chainalysis said.