The US Federal Bureau of Investigation (FBI) discovered that the North Korean hacking collective – the Lazarus Group – has drained cryptocurrencies worth millions of dollars through several attacks in the past few years.

The security agency believes the wrongdoers could soon cash out 1,580 BTC (worth almost $41 million at current prices).

Stay Focused on the Lazarus’ Actions

The FBI released a statement to notify cryptocurrency companies about a potential move that the Lazarus (APT38) is about to make. 

According to the law enforcement organization, the North Korean hackers have transferred 1,580 of their BTC stash (generated through numerous thefts in the recent past) to six addresses. The FBI thinks this step is a sign of a future sale of those assets (currently worth around $40.8 million). 

“Private sector entities should examine the blockchain data associated with these addresses and be vigilant in guarding against transactions directly with, or derived from, the addresses. The FBI will continue to expose and combat the DPRK’s use of illicit activities—including cybercrime and virtual currency theft—to generate revenue for the regime,” the FBI alerted.

Lazarus has been connected to multiple crypto heists over the past few years, including one of the largest in the industry: the $600 million exploit of Ronin Bridge. The FBI maintained that the collective was also responsible for the $60 million theft of digital currencies from Alphapo in June this year and