Amidst rising concerns over crypto-related illicit activities, reports link North Korean hackers, associated with the notorious Lazarus Group, to an Ethereum (ETH) exploit via Tornado Cash, fueling speculation of a transfer to BlackRock.
The pseudonymous user "Icebergy" shared an image hinting at North Korean hackers transferring 1 ETH, worth $3,270, to BlackRock, reasons undisclosed.
If verified, this development poses challenges for BlackRock amidst heightened scrutiny of Tornado Cash and Lazarus Group by US regulators for potential AML violations.
Following sanctions on Tornado Cash, the Lazarus Group briefly shifted focus to Sinbad.io, only to face seizure by US authorities, potentially prompting a return to Tornado Cash.
The motive behind the alleged transfer remains undisclosed, raising questions about its objective, especially given the relatively small amount involved.
BlackRock has not responded, and further details are awaited. Notably, BlackRock has a history of compliance with US regulations.
The presence of BlackRock's on-chain addresses doesn't necessarily imply collaboration but may be a unilateral move by North Korean actors to generate controversy.
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