Deniz 
After stablecoin issuers froze the money, which were discovered and tracked in an investigation run under blockchain sleuth ZachXBT, Crypto’s most infamous hacking organization lost access to around $5 million worth of stablecoins kept in two wallets.
ZachXBT discovered in his first research—which was supported by staff members from Metamask, Binance, TRM Labs, and Five I’s LLC—North Korea’s state-sponsored Lazarus Group laundered approximately $200 million in crypto into currency over a three-year span. After 25 distinct attacks on many blockchains, the hackers exploited a variety of accounts at peer-to-peer marketplaces to cash out the money.
The research resulted in the issuers of the USDT (Tether), USDC (Circle), TUSD (Techterx), and BUSD (Paxos) freezing about $5 million in stablecoins belonging to two wallets. Both of the two wallets have not frozen the DAI stablecoin valued at $720,000 or the Ethereum valued at roughly $313,000.
“All four stablecoin issuers (Paxos, Tether, Techteryx, and Circle) have blacklisted the two addresses below with $4.96M from Lazarus Group as of right now.” ZachXBT noted on X. “Another $1.65M frozen at several exchanges, thereby putting the total frozen from my research to $6.98M.”
ZachXBT specifically targeted Circle, the USDC issuer, for freezing the tokens for longer than the other stablecoin issuers in posts on X. “Took Circle 4.5 months longer than the others, but at least everything is frozen now,” a post notes. ZachXBT said in another, “(Circle has) 1000+ employees yet no incident response team who blocks after a DeFi or Lazarus Group hack or exploit safeguards the ecosystem.”
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