The $41 million hack of crypto gambling site Stake was carried out by the North Korean Lazarus Group, the Federal Bureau of Investigation (FBI) stated in an announcement on Sept. 7. This group has stolen more than $200 million of crypto in 2023, the announcement stated.<\/p>\n
Stake is a crypto gambling platform that offers casino games and sports betting. It was the victim of a cyberattack on Sept. 4 that drained over $41 million worth of cryptocurrency from its hot wallets. The Stake team stated that the hacker only obtained a small percentage of funds and that users would not be affected.<\/p>\n
According to the FBI statement on Sept. 7, the agency has carried out an investigation and has concluded that the attack was performed by the Lazarus Group, a notorious cybercrime organization believed to be associated with the Democratic People\u2019s Republic of Korea (DPRK). DPRK is also known as \u201cNorth Korea.\u201d<\/p>\n
The FBI listed the addresses where the stolen funds are now held, which exist on the Bitcoin, Ethereum, BNB Smart Chain and Polygon networks. It recommended that all crypto protocols and businesses review the addresses used in the hack and avoid transacting with them, stating:<\/p>\n
\u201cPrivate sector entities are encouraged to review the previously released Cyber Security Advisory on TraderTraitor and examine the blockchain data associated with the above-referenced virtual currency addresses and be vigilant in guarding against transactions directly with, or derived from, those addresses.\u201d<\/p><\/blockquote>\n