North Korea's cybercrime group, Lazarus Group, 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 cryptocurrency exchange-traded products - highlighted that wallet addresses linked to Lazarus Group currently account for around $46.14 million in digital assets.
Bitcoin has the biggest chunk of the total crypto 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 identified the stolen data from 295 wallets as being owned by the notorious cybercrime group.
The Lazarus Group does not own any privacy coins, which are a lot harder to trace than ERC-20 tokens and other crypto assets. The FBI has said the agency was behind some of the biggest hacks in the cryptocurrency industry in recent years.
s crypto holdings based on publicly available information, 21.co said on thursday.
The Lazarus Group is also linked to the cryptocurrency exchange, CoinEx, that lost more than $55 million in funds this month.
The report by blockchain analysis firm Chainalysis suggests that hackers and hacking groups believed to be backed by North Korea have been using crypto exchange platforms in Russia to launder their stolen money.
Chainalysis said that s notoriously uncooperative stance toward international efforts by law enforcement makes the prospect of recovering stolen funds sent to Russian exchanges particularly grim.