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Malicious groups associated with Democratic People’s Republic of Korea (DPRK) have stolen $340 Million in crypto year-to-date.
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Lazarus Group, a hacking group in Korea, remains the most active organization in terms of crypto hacks.
Disturbing information is coming out of the latest report by blockchain company Chainalysis. The study shows hackers based in North Korea are increasingly using Russian crypto exchanges reportedly involved in laundering activities. Moreover, the research revealed that the cyber underworld partnership is active since 2021.
N Korea Linked Group Steals Over $300 Million
Malicious actors transferred $21.9 Million worth of crypto funds stolen from Harmony Protocol to a Russian exchange involved in illegal activities. In January 2023, Federal Bureau of Investigation (FBI), the U.S. intelligence and security service, confirmed North Korean state-sponsored Lazarus and APT38 hacking groups were behind the act.
Source: Chainalysis
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