North Korean hackers, Lazarus Group, has reportedly made its most significant transactions in over a month, pulling out more than $1 million in Bitcoin via a crypto mixer.

Arkham Intelligence reported the movement this morning, with one X user suggesting that the group could be preparing for potential approval of a Bitcoin exchange-traded fund (ETF).

Lazarus Group’s Six Transactions Surpass $1 Million

In a post on X (formerly Twitter), Arkham Intelligence displayed a screenshot of six transactions totaling around $1.38 million at the time of publication.

However, the majority of that amount, approximately 37 BTC, was executed this morning through three transactions.

“The Lazarus Group just made its biggest transactions in over a month, withdrawing $1M in BTC from what appears to be a mixing service this morning, then sending $150K of that to an inactive address they’ve sent to before.”

Lazarus Group BTC Transactions Over a Week Period. Source: Arkham
Lazarus Group BTC Transactions Over a Week Period. Source: Arkham

Arkham’s observation of $150K being sent to one of their inactive addresses triggered speculation among X users.

They speculated a potential connection to the impending decision by the U

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Author: Ciaran Lyons

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