{"id":194308,"date":"2023-09-28T19:39:57","date_gmt":"2023-09-28T19:39:57","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=194308"},"modified":"2023-09-28T19:39:57","modified_gmt":"2023-09-28T19:39:57","slug":"north-korean-hacking-group-gathers-over-40-million-in-btc-after-prolific-attacks-against-exchange-and-wallets","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/bitcoin\/north-korean-hacking-group-gathers-over-40-million-in-btc-after-prolific-attacks-against-exchange-and-wallets\/","title":{"rendered":"North Korean Hacking Group Gathers Over $40 Million In BTC After Prolific Attacks Against Exchange And Wallets"},"content":{"rendered":"<ul>\n<li>North Korean hacking syndicate has over $40 million worth of BTC in its stash after a series of prolific attacks.<\/li>\n<li>The state-backed entity was fingered in the hacks against Atomic Wallet, CoinEX, and Alphao.<\/li>\n<li>Stolen crypto assets are reportedly used to fund North Korea\u2019s nuclear program amid tight sanctions against the pariah state.<\/li>\n<\/ul>\n<p>Despite the report pegging the holdings of Lazarus Group at $47 million, pundits say the North Korean hacking syndicate holds assets running into hundreds of millions of dollars.<\/p>\n<p>New on-chain data by Dune Analytics has pegged the value of virtual currencies held by Lazarus Group at just over $47 million. According to the report, Lazarus Group owns $42.5 million worth of Bitcoin (BTC) and $1.1 million in Ethereum (ETH), with the rest held in stablecoins.<\/p>\n<p>The data comes from tracking 295 wallets associated with the hacking syndicate, identified by the U.S. authorities following their involvement in industry attacks. A key feature of Lazarus Group\u2019s stash is the absence of privacy coins such as Monero (XMR) or Zcash (Zcash), known for their ability to obscure transaction details.<\/p>\n<p>Experts have warned that the figures in the report may be less than Lazarus Group\u2019s cryptocurrency holdings as the syndicate may be operating unknown addresses.<\/p>\n<p><em>\u201cWe should note that this is a lower-bound estimation of Lazarus Group\u2019s crypto holdings based on publicly available information,\u201d<\/em> said research firm 21co.<\/p>\n<p>After Lazarus Group\u2019s hack on Stake.com in early September, Dune Analytics noted a marked decline in the syndicate\u2019s holdings from highs of $46 million. Aside from the hack on Stake.com, law enforcement authorities have pointed accusing fingers against the state-backed entity for the security breaches on CoinEx, CoinsPaid, and Atomic Wallet, netting the group over $100 million in illicit funds.&nbsp;<\/p>\n<p>Despite the activity around the group, Chainlaysis revealed a lull in Lazarus Group\u2019s activities, with the gang netting only $340.4 million since the start of the year. By September 2022, Lazarus Group had earned over $1 billion in a series of high-profile hacks against virtual currency exchanges and decentralized finance (DeFi) projects.<\/p>\n<p>Aware of the threats posed by Lazarus Group, US authorities have warned of increased ransomware attacks in the coming months, particularly targeted against healthcare entities.<\/p>\n<h2>All for the nuclear program<\/h2>\n<p>According to a United Nations (UN) report, North Korea has been relying on stolen cryptocurrencies to fund its nuclear program after stiff sanctions made it difficult for the country to access foreign exchange.<\/p>\n<p>In early 2023, South Korea imposed new sanctions on North Korean citizens involved in financing its nuclear weapons program via ransomware attacks. Jin-hyok, one of the sanctioned individuals, has also been blacklisted by the US Federal Bureau of Investigation (FBI) and the US Treasury.<\/p>\n<p>Source: <a href=\"https:\/\/zycrypto.com\/north-korean-hacking-group-gathers-over-40-million-in-btc-after-prolific-attacks-against-exchange-and-wallets\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>North Korean hacking syndicate has over $40 million worth of BTC in its stash after&#8230;<\/p>\n","protected":false},"author":4,"featured_media":194307,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>North Korean Hacking Group Gathers Over $40 Million In BTC After Prolific Attacks Against Exchange And Wallets - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/bitcoin\/north-korean-hacking-group-gathers-over-40-million-in-btc-after-prolific-attacks-against-exchange-and-wallets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"North Korean Hacking Group Gathers Over $40 Million In BTC After Prolific Attacks Against Exchange And Wallets - 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