The Lazarus Group, a hacking collective believed to be sponsored by North Korea, has become a significant TRON (TRX) whale. Recent on-chain data shows that the Lazarus Group has been on a hacking spree, amassing illicit gains from various crypto platforms. According to a report by blockchain security firm PeckShield, the CoinEx Drainer, which is linked to the Lazarus Group, currently holds more than 137 million TRX, valued at around $11.63 million. This amount constitutes 0.154% of the total TRON supply, making it the 66th largest TRX holder. It is worth noting that the total supply of TRX is 89 billion, with a market capitalization of $7.5 billion.
On September 12, CoinEx, a cryptocurrency exchange, suffered a major hack, resulting in the loss of up to $55 million from the platform. A portion of the stolen funds was in TRX. Blockchain security firm SlowMist identified the Lazarus Group as the hackers responsible for the attack. CoinEx resumed deposits and withdrawals for selected crypto assets on September 21. According to data from Dune Analytics, the Lazarus Group currently holds approximately $45.8 million worth of crypto assets. Although the group has a significant amount of TRX, the majority of their holdings are in Bitcoin, with around $42 million worth. They also hold $640,000 in stablecoins, mainly Binance USD (BUSD).
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