North Korea backed Lazarus Group linked to $305 million DMM Bitcoin hack

The $305 million exploit of Japanese crypto exchange DMM Bitcoin might be the work of the notorious Lazarus Group. On-chain investigator ZachXBT revealed that similarities in laundering the stolen funds suggest that the state-sponsored group may be responsible.　　Also Read: The Philippines DOJ charges two Russians for alleged involvement in $7 million crypto heist　　This comes after recent transfers of DMM Bitcoin-linked funds to the online marketplace Huione Guarantee. Blockchain security company Elliptic Research recently indicted the marketplace for facilitating billions in illicit crypto-related crimes.　　The Lazarus Group connection to the DMM Bitcoin hack　　According to ZachXBT, the hackers moved over $35 million of the stolen funds to the online marketplace Huione Guarantee in July. The transfers have attracted attention from stablecoin issuer Tether, leading it to blacklist a Tron-based wallet containing 29.6 million USDT. The wallet is connected to Huione and received about $14 million from the DMM Bitcoin hack in just 3 days.　　The laundering pattern is the major reason for drawing a connection between the Lazarus Group and whoever hacked DMM Bitcoin. The hackers have adopted a system where they deposit stolen BTC into the mixer and, after withdrawing it, bridge the funds from Bitcoin to either Avalanche or Ethereum networks using