The Lazarus group, linked to North Korea, transferred 400 ETH to Tornado Cash after the Bybit hack of $1.5 billion, using the funds for money laundering and purchasing PEPE tokens worth $3.1 million

The Lazarus group, linked to North Korea, transferred 400 ETH (about $750,000) to Tornado Cash on March 12, 2025, likely due to the hack of the Bybit exchange that occurred in February 2025. Over $1.4 billion was stolen in the attack. Lazarus used decentralized exchanges to convert assets into Ether and then sent the funds to Tornado Cash for anonymization. Research shows that the funds were also used to purchase PEPE tokens worth $3.1 million, confirming the group's ties to financing illegal operations.