BitTorrent (btt) 
A crypto address linked to the $305 million DMM Bitcoin hack in May has reportedly moved 500 Bitcoin, valued at approximately $30.4 million.
According to PeckShield Alert, the suspected address initially transferred the Bitcoin to two separate addresses, each receiving around 250 BTC.
Hacker-labeled address has moved 500 $BTC (worth ~$30.4M) to 2 new addresses
The funds are believed to be part of the 4,502.9 BTC stolen from the Japanese crypto exchange DMM Bitcoin in May. At the time, the stolen stash was valued at about $305 million, but it would be worth just over $274 million at current rates. Following the attack, DMM Bitcoin raised $320 million to compensate the victims of the hack.
Blockchain investigator ZachXBT has previously attributed the DMM Bitcoin attack to the notorious Lazarus Group, linked to the Democratic People’s Republic of Korea. The on-chain analyst pointed out that the techniques used to launder the stolen cryptocurrency and several other off-chain indicators suggested the involvement of the Lazarus Group.
Shortly after the hack, the attackers reportedly divided the stolen Bitcoin into smaller batches of 500 BTC and moved them into new wallets. The funds identified by PeckShield are from one of these wallets and are the latest to be moved since the May 31 hack.
In July, ZachXBT claimed that the attackers had moved about $35 million worth of Bitcoin to the Cambodia-based exchange, Huione. The exchange has been accused of facilitating the laundering of funds from crypto hacks, pig butchering scams, and other crypto exploits.
Huione has become a major hub for illicit funds in South East Asia, primarily being used by criminal organizations such as pig butchering gangs.
A recent report by the blockchain analytics firm revealed that merchants on the platform have conducted an estimated $11B+ in illicit transactions. Additionally, Tether froze a Tron wallet suspected to belong to Huione, which held more than $28 million in USDT thought to be the proceeds of crime.
According to crypto sleuths, the DMM Bitcoin attackers typically move the stolen cryptocurrency to privacy mixers and then bridge it to Ethereum and Avalanche using THORChain. The thieves then convert the funds to Tether, shift them to Tron, and finally deposit them on Huione.
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