North Korea’s Lazarus Group Likely Responsible for $35 million Atomic Crypto Theft
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Elliptic’s analysis suggests that North Korea’s Lazarus Group is responsible for the theft of cryptoassets suffered by users of Atomic Wallet.
At least $35 million has reportedly been stolen from users of Atomic Wallet, a non-custodial cryptocurrency wallet service with five million users worldwide. In a June 3 tweet the service acknowledged reports of compromised wallets, before confirming that “less than 1%” of users had been impacted.
At Elliptic we have identified a large number of victim wallets, allowing the stolen funds to be traced in our software. Exchanges and other crypto businesses using Elliptic’s tools can identify any deposits originating from the hack.
Elliptic’s Investigations Team is also following the transaction trail. Our analysis of the thief’s transactions leads us to attribute this hack to North Korea’s Lazarus Group, with a high level of confidence. This attribution is based on multiple factors, including:
- The laundering of the stolen cryptoassets follows a series …
At least $35 million has reportedly been stolen from users of Atomic Wallet, a non-custodial cryptocurrency wallet service with five million users worldwide. In a June 3 tweet the service acknowledged reports of compromised wallets, before confirming that “less than 1%” of users had been impacted.
At Elliptic we have identified a large number of victim wallets, allowing the stolen funds to be traced in our software. Exchanges and other crypto businesses using Elliptic’s tools can identify any deposits originating from the hack.
Elliptic’s Investigations Team is also following the transaction trail. Our analysis of the thief’s transactions leads us to attribute this hack to North Korea’s Lazarus Group, with a high level of confidence. This attribution is based on multiple factors, including:
- The laundering of the stolen cryptoassets follows a series …