These North Korean Hackers Hold $47 Million In Stolen Cryptocurrency | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker

North Korean hackers — the Lazarus Group reportedly holds over $47 million in cryptocurrency, with most of it in Bitcoin (BTC), a new report has shown.

According to the data collected by subsidiary Dune Analytics, the notorious hacking group’s wallets contain about $42.5 million in BTC, $1.9 million in Ether (ETH), $1.1 million in Binance Coin (BNB), and an additional $640,000 in stablecoins, with Binance USD (BUSD) dominant.

The report tracked 295 wallets recognised by the US government as belonging to Lazarus Group. However, there is a notable decrease in the amount of crypto held by the group from $86 million on September 6, shortly after the hack in which Lazarus was implicated.

On September 4, about $40 million was stolen from the crypto casino Although the reported holdings are significant, the researchers believe that the actual amount may be much higher.

The estimate was called a “lower-bound estimation” based on publicly available information, according to the report.

“If you have identified or are aware of any other hacks that have been disclosed, please contact us so we can track the assets in this dashboard,” the researchers said.

Meanwhile, a recent report revealed that the Group has been held responsible for stealing around $240 million worth of crypto assets in the last 104 days.

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  • According to the blockchain surveillance firm Elliptic, the hacking group stole crypto assets from Atomic Wallet ($100 million), CoinsPaid ($37.3 million), Alphapo ($60 million), and ($41 million).

    The hacking group has been linked to five major crypto hacks over the past three months. The latest, according to blockchain data, was the global cryptocurrency exchange CoinEx, which was hacked last week for an estimated amount of $53 million.

    (This story has not been edited by News18 staff and is published from a syndicated news agency feed – IANS)

    Shaurya SharmaShaurya Sharma, Sub Editor at News18, reports on consumer and gaming technology….Read More

    Location: Seoul, South Korea

    first published: September 27, 2023, 09:31 IST


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    National Cyber Security