FBI Warns of Cryptocurrency Heists by North Korea's Lazarus Group - News Summed Up

FBI Warns of Cryptocurrency Heists by North Korea's Lazarus Group


The FBI has tracked hundreds of millions of dollars in cryptocurrency stolen by the Democratic People's Republic of Korea (DPRK) TraderTraitor-affiliated actors, more commonly referred to as Lazarus Group or APT38, and is now warning cryptocurrency companies of this malicious blockchain activity. In an investigation, the FBI found that these threat actors moved 1,580 bitcoins from multiple cryptocurrency heists and are holding the funds in six different bitcoin addresses. The group may attempt to cash out the stolen cryptocurrency, amounting to more than $40 million. This cybercrime group was also responsible for multiple high-profile heists in June spanning multiple countries, including $60 million of the virtual currency from Alphapo, $37 million from CoinsPaid, and $100 million from Atomic Wallet. "If you have any information to provide, please contact your local FBI field office or the FBI's Internet Crime Complaint Center at ic3.gov."


Source: The North Africa Journal August 23, 2023 19:24 UTC



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