The U.S. government has filed lawsuits to recover over $2.67 million stolen by North Korea's Lazarus Group, following significant cryptocurrency hacks to cover their tracks.
The first lawsuit concerns the 2022 Deribit hack, where $28 million was stolen and laundered through cryptocurrency exchanges and mixers, underlining law enforcement's tracing capabilities despite obfuscation efforts.
The Lazarus Group's second alleged heist was against Stake.com, where around $41 million was stolen, demonstrating their continued use of virtual currency bridges and mixers for money laundering.
Despite having some success in freezing funds from various transactions, the majority remained untraceable on the BTC blockchain, complicating recovery efforts by law enforcement.
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