Lazarus Group from North Korea Linked to $55M CoinEx Hack: Reports

According to blockchain security company SlowMist, the North Korean hacking group Lazarus was responsible for the attack on the crypto exchange CoinEx.

According to blockchain security company SlowMist, the North Korean hacking group Lazarus was responsible for the attack on the crypto exchange CoinEx.

North Korean exploiters account for 20% of the total amount of crypto looted in 2023.

The Office of Foreign Assets Control of the U.S. Treasury has placed sanctions against a number of addresses linked to cybercrime in North Korea.

Sanctions against three people have been announced by the Office of Foreign Assets Control of the U.S. Treasury because they are reportedly connected to North Korea's infamous Lazarus Group.

Christopher Emms has been listed as a wanted person internationally by the FBI for several years due to his involvement in supplying cryptocurrency and blockchain services to North Korea without authorization.

Elliptic states that it provided intelligence about illicit deposits to Huobi and Binance that prompted the platform to freeze accounts.

The sanctioned individuals are Park Jin-hyok, Jo Myong-rae, Song Rim, and Oh Chung-Seong

Six exchanges received 17,278 Ether from three principal addresses, allowing them to freeze the stolen money partially.

The FBI also verified earlier this month's claims made by individuals that the hackers had begun transferring a sizeable portion of the monies using privacy techniques.

In 2022, victims had 1,055 NFTs stolen from them using a crypto wallet affiliated with the North Korean APT Group.