North Korea’s Lazarus Group launders $290M in crypto via Ethereum, Bitcoin

Hackers linked to North Korea’s Lazarus Group have laundered $290 million in stolen crypto via Ethereum and Bitcoin. Bitcoin reaching $80,000 in April is at 36.5% YES, down from 44% yesterday.

The $80,000 Bitcoin market dropped from 44% to 36.5% YES after the laundering news broke. That said, the contract was at 31% a week ago, so the current level still represents a net gain over the past seven days. The $150,000 market sits at 0.1% YES, flat and pricing in almost no chance of a large rally.

The hack exposes ongoing DeFi security gaps and raises the likelihood of regulatory responses targeting crypto laundering channels. The Bitcoin market trades $105,235 in USDC daily, but it takes only $24,792 to move the $80,000 sub-market by five points. The largest move was a 5-point spike earlier, suggesting reactive, news-driven positioning rather than sustained directional flow.

At current levels, buying YES at 37¢ pays $1 if Bitcoin hits $80,000 by April’s end, a 2.7x return. That bet requires no further major security breaches or regulatory escalation in the remaining weeks of the month.

Watch for exchange responses to the laundering, SEC statements on DeFi security, or new enforcement actions. Any of these could push the $80,000 contract sharply in either direction.

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