Alleged Link to Lazarus Group
A social media user claims that North Korean hackers linked to the Lazarus Group transferred 1 ETH to BlackRock, a major asset management firm. The hackers allegedly used the Tornado Cash mixer to obscure the transaction.
Tornado Cash Under Scrutiny
Tornado Cash has faced scrutiny from US regulators for its potential role in money laundering. The US Treasury Department has sanctioned the mixer, alleging it has been used to launder over $7 billion in crypto assets.
North Korea’s Crypto Theft
North Korean hacking groups have stolen billions of dollars in crypto assets, often using Tornado Cash to hide their tracks. In 2022, they stole an estimated $2 billion.
BlackRock’s Response
BlackRock has not commented on the alleged transfer. The company has a history of complying with US regulations and recently received approval for a Bitcoin ETF.
Motive Unclear
The motive behind the alleged transfer is unknown. The small amount involved raises questions about its purpose.
Ethereum Price
Ethereum has rebounded to $3,511 after a recent decline. It remains down 6% over the past week.
