Home » North Korean hackers stole US$41 million from playing website, FBI says

North Korean hackers stole US$41 million from playing website, FBI says

by CoinVeem

North Korea-backed hacker group Lazarus Group was behind the US$41 million hack of on-line crypto playing platform Stake.com on Monday, the U.S. Federal Bureau of Investigation (FBI) confirmed in an announcement Wednesday.

See associated article: Tornado Cash founders charged with money laundering crypto, including proceeds from North Korean heists

Quick info

  • The stolen crypto property had been moved from Stake.com’s Ethereum, Binance Sensible Chain (BSC), and Polygon networks to 33 totally different addresses, in line with the FBI.
  • The FBI mentioned hackers from the Democratic Individuals’s Republic of Korea (DPRK) have stolen over US$200 million of digital currencies this 12 months, together with funds siphoned off Alphapo and CoinsPaid crypto platforms earlier this 12 months.
  • U.S. authorities had mentioned that funds stolen by DPRK-backed cyber actors are used to assist North Korea’s weapons packages. 
  • Lazarus Group beforehand used the now-sanctioned Tornado Cash to maneuver illicit funds. However after the sanctions, Lazarus utilized chain-hopping to launder among the funds stolen from Ronin, in line with Chainalysis.
  • In the meantime, the U.S., Japan and South Korea on Aug. 18 agreed to determine a trilateral working group to sort out North Korean cyberattacks as early as subsequent month, in line with South Korea’s KBS News.

See associated article: North Korean hackers move 41,000 ETH stolen from Harmony Bridge attack

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