FBI says North Korean hackers stole more than $600 million in cryptocurrency in single hack

The FBI on Thursday blamed hackers associated with the North Korean government for stealing more than $600 million in cryptocurrency last month from a video gaming company -- the latest in a string of audacious cyber heists tied to Pyongyang.


FBI says North Korean hackers stole more than $600 million in cryptocurrency in single hack
By Sean Lyngaas, CNN

Updated 0209 GMT (1009 HKT) April 15, 2022
North Korean leader Kim Jong Un (C) walks with North Korean military personnel during the test launch operation of what state media reports is a new type of intercontinental ballistic missile, in an undisclosed location in North Korea, March 24, 2022.
North Korean leader Kim Jong Un (C) walks with North Korean military personnel during the test launch operation of what state media reports is a new type of intercontinental ballistic missile, in an undisclosed location in North Korea, March 24, 2022.
(CNN)The FBI on Thursday blamed hackers associated with the North Korean government for stealing more than $600 million in cryptocurrency last month from a video gaming company -- the latest in a string of audacious cyber heists tied to Pyongyang.


"Through our investigation we were able to confirm Lazarus Group and APT38, cyber actors associated with the DPRK, are responsible for the theft of $620 million in Ethereum reported on March 29th," the FBI said in a statement. "DPRK" is an abbreviation for North Korea's official name, the Democratic People's Republic of Korea, and Ethereum is a technology platform associated with a type of cryptocurrency.
The FBI was referring to the recent hack of a computer network used by Axie Infinity, a video game that allows players to earn cryptocurrency. Sky Mavis, the company that created Axie Infinity, announced on March 29 that unidentified hackers had stolen the equivalent of roughly $600 million -- valued at the time of the hack's discovery -- on March 23 from a "bridge," or network that allows users to send cryptocurrency from one blockchain to another.
The US Treasury Department on Thursday sanctioned Lazarus Group, a wide swath of hackers believed to work on behalf of the North Korean government. Treasury sanctioned the specific "wallet," or cryptocurrency address, that was used to cash out on the Axie Infinity hack.
Cyberattacks have been an important source of revenue for the North Korean regime for years as its leader, Kim Jong Un, has continued to pursue nuclear weapons, according to a United Nations panel and outside cybersecurity experts

https://www.cnn.com/2022/04/14/politics/fbi-north-korea-hackers-crypto/index.html

he uses stolen crypto to fund his nuclear program? That's one dangerous villain.

This north Korea is truely lawless. Well, America have already exhausted their sanctions on north Korea, what more can America do?

Good thing there is some progress.
I knew it was only a matter of time before the heist is busted.

A large chunk of that amount has been funnelled into mixers in an attempt to conceal their origin, but with the latest technology that allows for crypto that have gone through mixers to be marked and tracked, one should know they can't successfully cash their loot or pull it out through centralised exchanges.

The damage is huge though.
Axie now trades below $47. A big fall from around $73 or so.

Drums of war.

Over 94% of world population is not in crypto

We are Early.........

see the real "working boys"

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