Lazarus Group Sells 911 ETH Sparking Market Concerns

MGR Online•Economy•1d ago

Reader Briefing

The Lazarus cybercrime group linked to North Korea sold 911 Ethereum coins worth over 2.28 million dollars on September 15, 2026.

•Lazarus transferred and sold 911 Ethereum coins at an average price of 2,499 dollars per coin.
•The total value of the sell-off reached 2.28 million dollars or approximately 76.5 million baht.
•The activity was recorded on the blockchain on September 15, 2026.
•The transaction is identified as part of a money laundering process to convert stolen digital assets into cash.

•On September 15, 2026, blockchain data reported unusual movements from digital wallets linked to Lazarus.
•Lazarus moved 911 Ethereum coins from an original address and gradually released them into the market.
•The sell-off by Lazarus totaled 2.28 million dollars, with an average price of 2,499 dollars per coin.
•The transaction is described as a process to convert digital assets obtained from cyber robberies into cash as part of a money laundering chain.
•The move by Lazarus created psychological tremors across the cryptocurrency market, leading retail investors to potentially reduce holdings due to risk sensitivity.
•Chainalysis and Elliptic are working with international law enforcement agencies to track the money laundering paths used by Lazarus.
•On-chain analysis platforms have detected unusual movements in other wallets near the same time, suggesting a possible subsequent round of asset liquidation.
•North Korea uses cryptocurrency theft as a primary funding source for weapons development projects.

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Lazarus(ลาซารัส)

A North Korean state-linked cybercrime organization that attacks banks, large corporations, and cryptocurrency exchanges.

North Korean Intelligence Agency(สำนักข่าวกรองเกาหลีเหนือ)

The agency that oversees the cyber operations of Lazarus.

Chainalysis(เชนอะนาลิซิส)ℹ️

A major on-chain data analysis company working with law enforcement to track Lazarus's asset laundering.

Elliptic(อิลิปติก)ℹ️

An on-chain data analysis company collaborating with law enforcement to trace the financial paths of Lazarus.

North Korea(เกาหลีเหนือ)ℹ️

The state that links to the Lazarus cybercrime group and uses cryptocurrency theft to fund weapons projects.