How the Lazarus Group is stepping up crypto hacks and changing its tactics
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The elite North Korean hacking group Lazarus appears to have recently ramped up its operations, conducting a confirmed four attacks against crypto entities since June 3rd. Now, they are suspected of carrying out a fifth attack, this time targeting CoinEx on September 12. In response to this, CoinEx have released several tweets indicating that suspicious wallet addresses are still being identified, and therefore the total value of stolen funds is not yet known, however it is currently believed to be around $54 million.
In the past 104 days, Lazarus has already been identified as responsible for stealing almost $240 million in crypto assets from Atomic Wallet ($100m) CoinsPaid ($37.3M), Alphapo ($60M), and Stake.com ($41M).
As seen in the chart above, Elliptic analysis confirms that some of the funds stolen from CoinEx were sent to an address which was used by the Lazarus group to launder funds stolen from Stake.com, albeit on a …
In the past 104 days, Lazarus has already been identified as responsible for stealing almost $240 million in crypto assets from Atomic Wallet ($100m) CoinsPaid ($37.3M), Alphapo ($60M), and Stake.com ($41M).
As seen in the chart above, Elliptic analysis confirms that some of the funds stolen from CoinEx were sent to an address which was used by the Lazarus group to launder funds stolen from Stake.com, albeit on a …