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North Korea’s Lazarus Group Responsible for $41 Million Crypto Hack

  1. Home
  2. Bobs-News World Asia
  3. North Korea’s Lazarus Group Responsible for $41 Million Crypto Hack
asia 712 crypto negative
  • bob
  • 2023-09-07
  • Asia
  • Cryptocurrency Regulations
  • Financial Scams and Security
  • Government Policies and Cryptocurrency Adoption
The FBI has revealed that the North Korean state-backed hacker group Lazarus Group was responsible for a Sept. 4 exploit of online casino platform Stake that resulted in $41 million in cryptocurrency being lost.

The FBI identified 33 crypto addresses that received the stolen funds, including four Ethereum (ETH) addresses, five Binance Smart Chain (BSC) addresses, two Polygon (MATIC) addresses, and 22 Bitcoin (BTC) addresses. The agency did not provide any details about the current status of the stolen funds.

Lazarus Group is generally considered a state-backed hacking group and is responsible for several previous attacks on crypto platforms, including Horizon Bridge in June 2022 and Ronin Bridge in March 2022. The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on Lazarus Group in 2019, and the Department of Justice (DOJ) named Lazarus’ use of the coin mixer Tornado Cash in its charges against the founders of that service.

This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography Asia
Countries 🇺🇸
Sentiment negative
Relevance Score 10
People John Smith, Richard Roe, Jane Doe, OFAC, Taylor Monahan
Companies FBI, Department of Justice (DOJ), Department of Treasury’s Office of Foreign Assets Control (OFAC), Ronin Bridge, Horizon Bridge
Currencies Ethereum, Bitcoin, Chain Games, Polygon
Securities None

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