Lazarus Hacking Group is Using Asian Firms to Launder Stolen Crypto

 

Cambodian payments company received crypto worth over US$150,000 from a digital wallet employed by North Korean hacking group Lazarus, blockchain data shows, a glimpse of how the criminal outfit has laundered funds in Southeast Asia. 

Huione Pay, based in Phnom Penh and offers currency exchange, payments and remittance services, received the crypto between June 2023 and February this year, according to the previously unreported blockchain data reviewed by Reuters. 

The crypto was transferred to Huione Pay from an anonymous digital wallet that, according to blockchain experts, was used by a hacking outfit to deposit funds stolen from three crypto firms in June and July 2023. 

The United States’ Federal Bureau of Investigation said in August last year that Lazarus stole US$160 million from the crypto firms: Estonia-based Atomic Wallet and CoinsPaid; and Alphapo, registered in Saint Vincent and the Grenadines. 

They were the latest in a series of heists by Lazarus th

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