Lazarus Group Capitalizes on $WBTC Sale for Massive 251% Profit

The notorious hacking group Lazarus Group, known for its involvement in numerous high-profile cyberattacks, has recently profited significantly by offloading a substantial amount of Bitcoin Wrapped (WBTC). On-chain analysis firm Spot On Chain revealed that Lazarus Group sold roughly $3.51 worth of WBTC, resulting in a whopping profit of almost $2.51 million. This dramatic increase in value highlights the group’s strategic manipulation of the cryptocurrency market. The sale took place on April 2, 2025, following a period of growth since their initial purchase of the $WBTC holdings in February 2023. The move underscores the group’s ability to leverage market fluctuations for significant gains.