After a summer of strikes, North Korea is reportedly poised to withdraw more than $40 million in Bitcoin.
Following a series of high-profile thefts of bitcoin, a North Korean malicious hacking organization that is funded by the state is set to cash out millions of dollars.
The Federal Bureau of Investigation (FBI) has issued a warning to the cryptocurrency industry this week, citing its observations of blockchain activity in relation to the theft of hundreds of millions of dollars’ worth of cryptocurrencies over the course of the past several months.
The Federal Bureau of Investigation (FBI) asserts that the well-known Lazarus Group, which has the backing of North Korea, is responsible for a series of recent attacks, including the following:
On June 22, 2023, Alphapo suffered a loss of virtual currency valued at sixty million dollars’ worth.
On June 22nd, 2023, digital currency worth $37 million was taken from CoinsPaid by an unauthorized third party.
The theft of cryptocurrencies worth one hundred million dollars worth taken from Atomic Wallet on June 2nd, 2023.
CoinsPaid previously highlighted how con artists working for the Lazarus Group had spent months researching the company’s staff and organizational structure before posing as recruiters on LinkedIn.
The Federal Bureau of Investigation (FBI) has issued a warning to companies dealing in cryptocurrencies, advising them to be on the lookout for transactions using six different Bitcoin addresses. The FBI believes that North Korea may attempt to extract more than 40 million dollars worth of Bitcoin.
This is represented in hexadecimal as 3LU8wRu4ZnXP4UM8Yo6kkTiGHM9BubgyiG, 39idqitN9tYNmq3wYanwg3MitFB5TZCjWu, 3AAUBbKJorvNhEUFhKnap9YTwmZECxE4Nk, and 3PjNaSeP8GzLjG
The DPRK is allegedly using criminal enterprises to fund the dictatorship, and the FBI has vowed that it will “continue to expose and combat” this practice. Theft of virtual currency and other forms of cybercrime are included in these initiatives.
The Federal Bureau of Investigation (FBI) has discovered a link between the Lazarus Group, also known as APT38 and TraderTraitor, and the hacks that took place on Harmony Bridge (where a total of one hundred million dollars was taken) and the blockchain-based Axie Infinity game (where a staggering six hundred twenty million dollars was taken).
