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North Korean Group Executes $41M Stake Hack, Confirms FBI

North Korean Group Executes $41M Stake Hack, Confirms FBI

The FBI has concluded that the recent hack of crypto gambling site Stake, which resulted in the theft of $41 million worth of cryptocurrency, was carried out by the Lazarus Group, a cybercrime organization associated with North Korea. The agency has identified the addresses where the stolen funds are now held and has advised crypto protocols and businesses to avoid transacting with them. The FBI also linked Lazarus to other hacks, including those targeting Alphapo, CoinsPaid, and Atomic Wallet, bringing the total amount stolen by the group in 2023 to over $200 million.

Summary:

– The FBI has determined that the hack of crypto gambling site Stake was conducted by the Lazarus Group, a cybercrime organization associated with North Korea.

– The stolen funds are now held in specific addresses on various cryptocurrency networks, and the FBI has advised against transacting with them.

– The agency has also connected Lazarus to other hacks targeting Alphapo, CoinsPaid, and Atomic Wallet, resulting in a total theft of over $200 million in 2023.

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