The Raven File traces Babuk ransomware wallet activity through Indodax exchange wallets and argues that Babuk funds may have been caught in the September 2024 Indodax hot-wallet theft. The source lists a Babuk Bitcoin wallet, shows transfers into an Indodax hot wallet, and notes that the same exchange wallet had appeared in earlier ransomware or fraud-linked activity. Its only DPRK relevance is cautious and indirect: the author says the Indodax drain "possibly" points to North Korea, but the excerpt does not provide technical attribution tying the theft to a DPRK actor. The report is therefore useful mainly as cryptocurrency-flow context around a suspected exchange heist, not as confirmed Lazarus activity.