Bitcoin, Ether and Binance all share of crypto worth $47 million

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Bitcoin, Ether and Binance all share of crypto worth $47 million

The Lazarus Group, a cyber crime group linked 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 biggest exchange-traded cryptocurrency exchange-traded products, highlighted that wallet addresses linked to Lazarus Group currently hold approximately $46.14 million in digital assets.

Of the total crypto holdings, Bitcoin has the biggest chunk, 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 identified the data from 295 wallets as being owned by the notorious cybercrime group.

The Lazarus Group maintains no privacy coins, which are a lot harder to trace compared to ERC-20 tokens and other crypto assets. The FBI said that the FBI was behind some of the biggest hacks in the cryptocurrency industry in the past few years.

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

The Lazarus Group was also linked to the hacking of the cryptocurrency exchange CoinEx, which lost more than $55 million in funds this month.

A recent report by blockchain analyst Chainalysis shows that hackers and hacking groups in Russia have been using crypto exchange platforms in Russia to launder their stolen funds.

''S notoriously uncooperative stance toward international efforts by law enforcement makes the prospect of recovering stolen money sent to Russian exchanges particularly grim,'' Chainalysis said in the report.