According to blockchain analytics firm Elliptic, the Lazarus Group, a North Korean cybercrime syndicate, has allegedly stolen over $100 million in cryptocurrency from Atomic Wallet. The hack, which occurred on June 3, resulted in the theft of $35 million worth of digital tokens.

Atomic Wallet has yet to provide an explanation to its customers, despite contracting blockchain analytics firm Chainalysis to trace the stolen funds. Elliptic has frozen some of the stolen assets and revealed that the hackers are using sanctioned Russian crypto exchange Garantex to launder the stolen assets.