Executive Summary This report details Lazarus Group Bitcoin Mixing activities and the findings of our recent monitoring and analysis of mixing and laundering activities, specifically focusing on their utilization of Bitcoin mixing services. Our investigation has identified a coordinator, “Kruw,” as a key facilitator in the mixing of potentially stolen funds and Lazarus Group Bitcoin laundering efforts, … Read more
This is the third installment in our series exploring the landscape of crypto mixing research. This report focuses exclusively on the decentralized crypto mixing services and concepts that have emerged within the cryptocurrency space. For a comprehensive overview of centralized mixing projects, we direct you to our second report in this series. Privacy is a … Read more
The Evolution of Privacy in the Digital Age Privacy has always been a fundamental human right, a cornerstone of individual autonomy and freedom. In the digital realm, this concept takes on new dimensions, particularly with the rise of cryptocurrencies. These digital assets, while offering unprecedented financial freedom and transparency, also present challenges to user privacy. … Read more
The intersection of mixing services and privacy presents a complex and often uncomfortable dilemma. On one hand, we have the undeniable importance of privacy in a free and democratic society. On the other, we observe the utilization of these very financial anonymity and tools in ways that can facilitate illicit activities, creating a tension that … Read more
