Search Results for: North Korea

Reports suggest that the notorious North Korean hacking group Lazarus Group has a cryptocurrency reserve worth over $47 million, mostly in Bitcoin, according to institutional crypto platform provider, 21.co. The hacker group’s stash was tracked to 295 wallets identified by the US Government.

“Lazarus, a North Korean hacking group, has reportedly stolen $240 million worth of cryptocurrencies in the last 104 days. A rising number of breaches, particularly within the Ethereum network, demand strengthened security frameworks and proactive defense mechanisms to detect, prevent cyber attacks and safeguard digital assets.”

“Despite an 80% fall in North Korean crypto heists, forensics firm Chainalysis warns against assuming an improved security landscape. Adaptive hacking techniques, including reliance on Russian-based exchanges for laundering stolen crypto, pose ongoing threats. This situation, potentially feeding North Korea’s missile program, invites international intervention and underscores the need for enhanced cryptocurrency security measures.”

“CoinEx, a renowned crypto exchange, fell victim to a major security breach, allegedly by North Korean hackers, Lazarus Group, leading to an estimated loss of over $55 million. This instance amplifies the need for robust security measures and user caution to prevent similar future incidents.”

North Korean cyber operatives are suspected for a recent $54 million security breach on CoinEx exchange involving multiple tokens. CoinEx assures users remaining assets are secured. This incident prompts crypto enthusiasts to re-evaluate security measures and trust in platforms, indirectly showcasing the resilience of blockchain technology.

The FBI has identified North Korean hacking group, the Lazarus Group, as responsible for the theft of $41 million from online crypto casino Stake. The large-scale cyber theft affected multiple blockchain networks including Ethereum, BNB Chain, Bitcoin, and Polygon.

“The North Korea-affiliated Lazarus Group has allegedly stolen $41 million in crypto from Stake.com, according to the FBI. Using a leaked private key to a hot wallet, the loot spread across Ethereum, BSC, Polygon, and Bitcoin networks. These hacking events highlight the crypto industry’s vulnerability and necessity for effective security measures.”

The FBI has put six Bitcoin wallets, affiliated with North Korea’s Lazarus Group, on its radar, highlighting their potential possession of around $40 million. The Group’s success in crypto exploits is counterbalanced by blockchain’s public-ledger technology which makes laundering assets increasingly difficult due to traceable and freezeable transactions.

“Cybercrime threatens the crypto industry, with North Korean hackers recently pilfering $40 million in bitcoin. As the crypto industry scales, it presents both substantial rewards and dangerous security risks, attracting criminals who cash out significant sums anonymously. Proactive security measures are critical to counter these challenges.”

“TRM Labs reported that North Korean hackers have stolen over $2 billion in cryptocurrencies in the past five years. The criminals focused on the fast-growing DeFi sector, using techniques such as supply chain attacks, phishing, and infrastructure hacks. Interestingly, despite a broad decrease in crypto thefts in 2023, North Korea’s crypto crimes persisted.”

“North Korean cybercriminals have reportedly stolen an estimated $2 billion in cryptocurrency over the past five years, according to TRM Labs. Their targets increasingly include the decentralized finance (DeFi) ecosystem. The hackers use advanced attack methodologies and complex money laundering techniques, posing a significant threat to the crypto security landscape.”

“Cryptocurrency platform CoinsPaid experienced a breach resulting in a $37.3 million loss, suspected to be orchestrated by state-backed Lazarus Group. Depicting the latent risks of crypto and systemic vulnerabilities, the incident emphasizes the necessity for robust security measures in the crypto-space.”

Elliptic discovered that over $100 million was lost by Atomic Wallet users, with more than 5,500 wallets compromised. The Lazarus Group, allegedly linked to North Korea, is believed to be behind the breach. Dr. Sarah Brown emphasizes the need for advanced security protocols and user vigilance in the crypto market.

North Korea’s cyber army has reportedly stolen $3 billion in cryptocurrencies over the past five years, with 50% of the funds allegedly used to fund the country’s ballistic missile program. The magnitude of these stolen funds poses a significant threat to the digital currency industry’s growth and security, highlighting the need for heightened cyber vigilance and collaboration between governments, cybersecurity experts, and crypto exchanges.

North Korean cybercriminals allegedly targeted South Korean ministers in a crypto hacking campaign, seizing a server with two cryptocurrency wallet addresses. Authorities continue to investigate if this is an attempt to steal funds or access valuable information, emphasizing the importance of robust security measures for users and institutions.

Atomic Wallet users might have fallen victim to Lazarus hacking group, losing around $35 million in cryptocurrencies. Elliptic identified connections between wallets from this hack and previous Lazarus hacks, as stolen crypto was funneled to the Sindbad.io mixer. The incident highlights the need for better security practices and scrutiny of wallet designs in the crypto ecosystem.

Japan has suffered $721 million in cryptocurrency theft by North Korean hackers, accounting for 30% of the global total, according to a study by Elliptic. Lax security systems in Japan and Vietnam are said to be the primary reasons for their vulnerability. The findings emphasize the importance of implementing robust security measures and increasing international cooperation against such threats.

North Korean hackers have allegedly stolen $721 million in cryptocurrency from Japan since 2017, contributing to 30% of global crypto thefts. Japan’s favorable regulatory environment and increased cryptocurrency adoption create an attractive target, requiring a balance between innovation and stringent security measures to protect investors.

“The North Korean Lazarus Group, a notorious hacking collective, reportedly has $47 million in cryptocurrencies, the majority in Bitcoin. Despite a surprising lack of privacy coins, their wallets are active, suggesting underreported holdings. Previously implicated in major crypto hacks, their activities question security in blockchain.”

The recent $41 million Stake crypto platform hack attributed to North Korea’s Lazarus Group has added to growing cyber crime concerns in the crypto world. With a total of $200 million in stolen crypto funds recorded this year, heightened cybersecurity measures are now essential, yet challenging due to the decentralized nature of cryptocurrencies.

“The digital fortress of cryptocurrencies faces a possible breach by notorious North Korean hacker groups, Lazarus and APT38, suspected of planning to liquidate over $40 million in stolen BTC. North Korea’s increased cyber involvement, amassing $2 billion in crypto loot over five years, raises concerns about the security of the cryptocurrency framework and necessitates vigilance from crypto firms and individual investors.”