$8.5M in Stolen Funds from CoinsPaid and Alphapo Exchanged for 290 BTC

Odaily Planet Daily News According to on-chain analyst @tayvano_ monitoring, about $8.5 million in stolen funds from CoinsPaid and Alphapo last night (and some remaining funds in the Atomic wallet) flowed to more than 300 addresses on 3 chains . About 4,600 ETH were distributed to 125 new Ethereum addresses, then transferred to the Avalanche network, and then transferred to Bitcoin. As of now, about 290 BTC are stored in 125 new Bitcoin addresses, each address holds about 1-3 BTC. Throughout the money laundering process, a total of 514 transactions were transferred through the ETH->AVAX or AVAX->BTC ​​route, of which 500 transactions were to transfer stolen funds from Alphapo/Coinspaid/Atomic Wallet. To the best of its knowledge, this is the fifth time Lazarus has conducted such a $5-10 million money laundering operation in the past few weeks. According to yesterday’s news, on-chain detective ZachXBT tweeted that the US$290 million in funds stolen by the North Korean hacker organization Lazarus Group has recently been collected on the chain, including funds related to Harmony Protocol, Atomic Wallet, CoinsPaid, and Alphapo attacks.