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FBI Traces $40M in Stolen BTC to North Korea-Linked Lazarus Group

August 23, 2023
in Crypto Updates
Reading Time: 3 mins read
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The Federal
Bureau of Investigation (FBI) has traced over $40 million price of
Bitcoin (BTC) stolen this week to Lazarus Group, a hacking group linked to the North
Korean authorities. The group, which makes use of malicious purposes to focus on
cryptocurrency firms and people, is also called Dealer-Traitor.

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In a
assertion launched yesterday (Tuesday), the FBI famous that roughly 1,580
BTCs have been stolen and are at the moment being held in six BTC addresses. The US home
intelligence and safety service added that the group might try to money out
the stolen digital asset.

Moreover, the company identified that hackers from the group are behind a number of important crypto thefts recorded in current
months. These embrace the heist of $60 million in digital property from Alphapo,
the $37 million stolen from CoinsPaid, and a $100 million theft from Atomic
Pockets, all of which have been carried out in June this yr.

“The FBI
beforehand supplied info on their assaults in opposition to Concord’s Horizon
bridge and Sky Mavis’ Ronin Bridge, and supplied a Cybersecurity Advisory on
TraderTraitor,” the FBI added.

Hold Studying

Within the
assertion, the intelligence company additionally known as on blockchain firms to
scrutinize the blockchain information of the BTC addresses. It additional urged
non-public firms to train warning with a purpose to keep away from transactions which can be
instantly or not directly linked to the addresses.

“The FBI
will proceed to reveal and fight the DPRK’s use of illicit
actions—together with cybercrime and digital foreign money theft—to generate income
for the regime,” the FBI added.

The Federal
Bureau of Investigation (FBI) has traced over $40 million price of
Bitcoin (BTC) stolen this week to Lazarus Group, a hacking group linked to the North
Korean authorities. The group, which makes use of malicious purposes to focus on
cryptocurrency firms and people, is also called Dealer-Traitor.

In a
assertion launched yesterday (Tuesday), the FBI famous that roughly 1,580
BTCs have been stolen and are at the moment being held in six BTC addresses. The US home
intelligence and safety service added that the group might try to money out
the stolen digital asset.

Uncover StealthEX.io – the way forward for cryptocurrency. Swap immediately throughout 1000+ cash, no sign-up, safe, and personal. Dive into the brand new age of crypto!

Moreover, the company identified that hackers from the group are behind a number of important crypto thefts recorded in current
months. These embrace the heist of $60 million in digital property from Alphapo,
the $37 million stolen from CoinsPaid, and a $100 million theft from Atomic
Pockets, all of which have been carried out in June this yr.

“The FBI
beforehand supplied info on their assaults in opposition to Concord’s Horizon
bridge and Sky Mavis’ Ronin Bridge, and supplied a Cybersecurity Advisory on
TraderTraitor,” the FBI added.

Hold Studying

Within the
assertion, the intelligence company additionally known as on blockchain firms to
scrutinize the blockchain information of the BTC addresses. It additional urged
non-public firms to train warning with a purpose to keep away from transactions which can be
instantly or not directly linked to the addresses.

“The FBI
will proceed to reveal and fight the DPRK’s use of illicit
actions—together with cybercrime and digital foreign money theft—to generate income
for the regime,” the FBI added.

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Tags: 40MBTCFBIGroupKoreaLinkedLazarusNorthStolentraces
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