The FBI issued a warning for crypto companies regarding recent blockchain activity tied to thefts of hundreds of million dollars by Democratic People’s Republic of Korea.
TraderTraitor-affiliated actors, also known as the Lazarus Group and APT38, are accused by the state of siphoning off funds from several crypto protocols and projects last year.
In the past 24 hours, FBI has said that it tracked around 1,580 Bitcoin (BTC), valued at more than 40 million dollars, which were stolen by DPRK. The bitcoins are held on six addresses. According to a recent statement, the Bureau is concerned that the DPRK might try to sell the digital assets stored in the six Bitcoin addresses.
It is important that private companies examine recent data from the Blockchain linked to addresses supplied by the FBI last Tuesday. They should also be on the lookout for transactions made directly or indirectly with these addresses.
“The FBI will continue to expose and combat the DPRK’s use of illicit activities — including cybercrime and virtual currency theft — to generate revenue for the regime,” It was said in a press release.
The theft of $60m from Alphapo, a payment provider on June 22, and the theft $37m from CoinsPaid the same day are among the most high profile international crypto-heists that have been attributed to the DPRK. The theft of $100 million more from Atomic Wallet, at the beginning that same month, has been reported.
The thefts of Lazarus in 2013 prompted several countries, including Japanese authorities to warn against future attacks. Nikesh Aroo, CEO of Palo Alto Networks, told CNBC that in order to combat cyber-attacks, companies need to modernize and beef up their systems. “bad actors.”
In addition to a Cybersecurity Advisor on TraderTraitor, the FBI confirmed previous attacks on Harmony’s Horizon Bridge and Sky Mavis $625 Million hack of Ethereum-linked Ronin Bridge by Sky Mavis last year.
Lazarus attempted to transfer funds totaling $63 Million linked to Horizon Bridge, but concerted industry efforts, including exchanges blocked the transfers.
The Office of Foreign Assets Control of the US Treasury sanctioned in April three individuals with suspected ties to this group, Wu Huihui and Cheng Hung Man.
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