Lazarus
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Notorious North Korean hacking team, Lazarus Group, has made away with more $300 from crypto heists in 2023, accounting for approximately 17% of all crypto hacks this year.
#Lazarus #cryptocurreny #CryptoCrimes #CryptoNewsđđ°đ«
#Lazarus #cryptocurreny #CryptoCrimes #CryptoNewsđđ°đ«
Infamous Hacker Group Lazarus Group Received 100 ETH From Euler Finance Miner
A wallet address under the control of the protocol mining entity for Euler Finance recently transmitted 100 Ether ($170,515) to a wallet linked to the Lazarus Corporation's Ronin network attack.
#Euler Finance, a decentralized finance (DeFi) platform that offers on-chain financing, was hacked with potential losses of up to $197 million, as previously reported.
The Ronin network of Axie Infinity will be mined for $625 million by Lazarus Corporation in March 2022. This infamous hacker organization is also thought to have been engaged in other additional DeFi breaches in 2022.
Lazarus Corporation was added to the list of companies that the US Treasury Department has designated in April. The theft of $100 million in cryptocurrency from Horizon Bridge was blamed on the Lazarus Group and North Korea's APT38 hacking group, according to the Federal Bureau of Investigation (FBI) in January.
It is unclear if the #Lazarus Group is responsible for the attack or if they have any relation to the mining company Euler Finance.
Euler Labs CEO Michael Bentley wrote about the "toughest day" of his life after Euler was hacked in a series of tweets that were published today.
The site has "always been a privacy-conscious initiative," he tweeted in response to a user who sent a message claiming that Euler had received 10 audits from 6 different companies.
90% of the stolen money must be returned to Euler Financial within 24 hours, according to their request. Otherwise, the offender will be held accountable in court. Thus, the hacker gets to retain $19.6 million. Yet, the #hacker still needs to respond.
The organization also solicited community support by offering a $1 million reward to anyone who can locate the hacker's hint.
Since the attack, the token's value has decreased by more than 70%, from $6.1 to $1.9 right now.
#Euler Finance, a decentralized finance (DeFi) platform that offers on-chain financing, was hacked with potential losses of up to $197 million, as previously reported.
The Ronin network of Axie Infinity will be mined for $625 million by Lazarus Corporation in March 2022. This infamous hacker organization is also thought to have been engaged in other additional DeFi breaches in 2022.
Lazarus Corporation was added to the list of companies that the US Treasury Department has designated in April. The theft of $100 million in cryptocurrency from Horizon Bridge was blamed on the Lazarus Group and North Korea's APT38 hacking group, according to the Federal Bureau of Investigation (FBI) in January.
It is unclear if the #Lazarus Group is responsible for the attack or if they have any relation to the mining company Euler Finance.
Euler Labs CEO Michael Bentley wrote about the "toughest day" of his life after Euler was hacked in a series of tweets that were published today.
The site has "always been a privacy-conscious initiative," he tweeted in response to a user who sent a message claiming that Euler had received 10 audits from 6 different companies.
90% of the stolen money must be returned to Euler Financial within 24 hours, according to their request. Otherwise, the offender will be held accountable in court. Thus, the hacker gets to retain $19.6 million. Yet, the #hacker still needs to respond.
The organization also solicited community support by offering a $1 million reward to anyone who can locate the hacker's hint.
Since the attack, the token's value has decreased by more than 70%, from $6.1 to $1.9 right now.
3000 ETH Restored And Reimbursement From Euler Hackers
After numerous attempts to solicit community backing and recompense #Euler hackers, 3000 #ETH have now been restored.
In the past, the scheme also required hackers to return 90% and keep 10% as a prize, which would have been the equivalent of around $20 million. #Hackers did not respond, therefore the project was forced to turn to the public for assistance and offer a $1 million reward to anyone who could discover the hacker's hint.
Based on information made public by the security company #BlockSec today, the Euler attackers have begun returning funds, with 3,000 ETH (or roughly $5 million) restored so far. The BlockSec tweeted:
âWe observed that the #Euler attacker 0xb66cd966670d962C227B3EABA30a872DbFb995db is returning money to Euler finance now. 3000 Ether was returning so far."
But yesterday, hacker Euler began acting oddly after sending 100 ETH to the infamous hacking collective #Lazarus Group. After last year's Ronin hack, he expressed concern that this might be the reason for the hundreds of millions of dollars' worth of hack.
As was previously mentioned, on March 13, independent security researcher CIA Officer claimed on Twitter that the DeFi Euler Finance loan agreement was compromised for a total of about $197 million, consisting of 8,877,507.35 DAI, 849.14 WBTC, 34,413,863.42 USDC, and 85,818.26 stETH, while being monitored by the BlockSec security team.
Euler Finance, a lending platform built on Ethereum, finished fundraising $32 million in June of last year. Variant, FTX Ventures, and Jump Crypto all took part in the investment, which was organized by Haun Ventures.
Later this year, a DAO will be introduced, enabling users to exercise administrative rights over Euler Finance's growth and operations and choose how their community funds will be used, based on Euler.
In the past, the scheme also required hackers to return 90% and keep 10% as a prize, which would have been the equivalent of around $20 million. #Hackers did not respond, therefore the project was forced to turn to the public for assistance and offer a $1 million reward to anyone who could discover the hacker's hint.
Based on information made public by the security company #BlockSec today, the Euler attackers have begun returning funds, with 3,000 ETH (or roughly $5 million) restored so far. The BlockSec tweeted:
âWe observed that the #Euler attacker 0xb66cd966670d962C227B3EABA30a872DbFb995db is returning money to Euler finance now. 3000 Ether was returning so far."
But yesterday, hacker Euler began acting oddly after sending 100 ETH to the infamous hacking collective #Lazarus Group. After last year's Ronin hack, he expressed concern that this might be the reason for the hundreds of millions of dollars' worth of hack.
As was previously mentioned, on March 13, independent security researcher CIA Officer claimed on Twitter that the DeFi Euler Finance loan agreement was compromised for a total of about $197 million, consisting of 8,877,507.35 DAI, 849.14 WBTC, 34,413,863.42 USDC, and 85,818.26 stETH, while being monitored by the BlockSec security team.
Euler Finance, a lending platform built on Ethereum, finished fundraising $32 million in June of last year. Variant, FTX Ventures, and Jump Crypto all took part in the investment, which was organized by Haun Ventures.
Later this year, a DAO will be introduced, enabling users to exercise administrative rights over Euler Finance's growth and operations and choose how their community funds will be used, based on Euler.
Lazarus Group Targets Crypto Firms: North Korean #hackers are targeting cryptocurrency firms through LinkedIn.
Fake Profiles & Phishing: They create fake profiles of industry figures to launch phishing attacks.
Malicious Links & Malware: Clicking on fake links steals data and assets.
Evolving Tactics: Beyond fake profiles, they use job offers and investment scams.
Industry Needs Action: Crypto firms need stricter security and awareness.
#Lazarus Attacks & Geopolitics: These attacks fund North Korea's weapons development.
Adapting to Cybercrime: Crypto firms must stay ahead of evolving cybercriminal tactics.
#NorthKoreaHackers #Korea #cryptoniteuae
Fake Profiles & Phishing: They create fake profiles of industry figures to launch phishing attacks.
Malicious Links & Malware: Clicking on fake links steals data and assets.
Evolving Tactics: Beyond fake profiles, they use job offers and investment scams.
Industry Needs Action: Crypto firms need stricter security and awareness.
#Lazarus Attacks & Geopolitics: These attacks fund North Korea's weapons development.
Adapting to Cybercrime: Crypto firms must stay ahead of evolving cybercriminal tactics.
#NorthKoreaHackers #Korea #cryptoniteuae
#Hackers.from.this.country steal $600 million in cryptocurrencies in 2023 đ„
_Once a target is compromised, #Lazarus uses the compromised private keys and seed phrases. They are the main aspects of storing cryptocurrencies, to initiate unauthorized #blockchain.transactions . In most cases, stolen assets are distributed across several wallets. A portion of it is eventually deposited into a cryptocurrency mixer such as Tornado Cash or #Sinbad. . North Korean hackers are also cashing out their funds via OTC desks, where they exchange currencies such as the stablecoin Tether USDT for fiat currencies. The company has reportedly strengthened its vigilance against money laundering and is working with the US Treasury Department to combat illicit financing. Protocols like Tornado Cash, Sinbad, and Blender.io that allow users to obfuscate transactions have also been sanctioned by the Treasury Department's Office of Foreign Assets Control (OFAC).
OFAC's sanctions support a greater "whole-of-government" approach to Lazarus and its operations. Which authorities believe funnels profits into North Korea's nuclear program. The Financial Crimes Enforcement Network has described cryptocurrency mixers as a threat to national security. While the United States involved other world governments. Authorities from the United States, South Korea, and Japan announced a tripartite initiative to address cryptocurrency money laundering by Lazarus and other DPRK-financed actors.
#continued To see more breaking news đđ°â
_Once a target is compromised, #Lazarus uses the compromised private keys and seed phrases. They are the main aspects of storing cryptocurrencies, to initiate unauthorized #blockchain.transactions . In most cases, stolen assets are distributed across several wallets. A portion of it is eventually deposited into a cryptocurrency mixer such as Tornado Cash or #Sinbad. . North Korean hackers are also cashing out their funds via OTC desks, where they exchange currencies such as the stablecoin Tether USDT for fiat currencies. The company has reportedly strengthened its vigilance against money laundering and is working with the US Treasury Department to combat illicit financing. Protocols like Tornado Cash, Sinbad, and Blender.io that allow users to obfuscate transactions have also been sanctioned by the Treasury Department's Office of Foreign Assets Control (OFAC).
OFAC's sanctions support a greater "whole-of-government" approach to Lazarus and its operations. Which authorities believe funnels profits into North Korea's nuclear program. The Financial Crimes Enforcement Network has described cryptocurrency mixers as a threat to national security. While the United States involved other world governments. Authorities from the United States, South Korea, and Japan announced a tripartite initiative to address cryptocurrency money laundering by Lazarus and other DPRK-financed actors.
#continued To see more breaking news đđ°â
Revival in the Crypto Scene: North Korea's Lazarus Group Also Makes a Comeback
1. After a period of quiet, the notorious Lazarus Group is back in action, moving $1.2 million in Bitcoin.
2. The Lazarus Group employed a mixer to transfer the Bitcoin, directing a portion to an inactive address and splitting the rest.
3. Known for the $600 million Axie Infinity attack, this state-backed group is believed to have stolen a staggering $700 million in 2023.
4. The year 2024 has witnessed several notable hacks, such as $4.5 million from Radiant Capital and $82 million from Orbit Chain.
5. The Lazarus Group's recent activities intensify concerns about crypto security, leaving the community uncertain about the next potential target.
In a surprising turn of events, The Lazarus Group, a notorious hacking group believed to be backed by North Korea, has re-emerged after a period of silence. On January 8, 2023, the state-funded hackers orchestrated a significant transfer of more than $1 million in Bitcoin, using what appeared to be a cryptocurrency mixer. The move, detected by Arkham Intelligence, involved the shifting of 27.371 BTC, approximately $1.2 million at the time.
Interestingly, Arkham Intelligence also noted a subsequent transfer of 3.343 BTC (almost $150,000) to an old, inactive address. The remaining funds were then fragmented and distributed across multiple addresses. Post these transactions, the Lazarus Group's Bitcoin holdings were evaluated at $79 million, leaving the crypto community speculating on the group's motives and whether it's a prelude to future cyberattacks.
The Lazarus Group's history is marked by cyberattacks believed to be sponsored by the North Korean government. Responsible for a third of all cyberattacks in 2023, according to a Chainalysis study, the group has employed various tactics such as phishing, brute force attacks, and the creation of malicious websites to pilfer approximately $700 million. Notably, the gang executed a significant heist in March 2022, exploiting a vulnerability in the Axie Infinity bridge contract, absconding with over $600 million in Ether and USD Coin.
As 2024 unfolds, the cryptocurrency space has already witnessed significant security breaches. Radiant Capital fell victim to a $4.5 million flash loan attack, while the Orbit chain experienced multiple attacks totaling $82 million in stolen assets, including Tether, USD Coin, Ether, Wrapped Bitcoin, and DAI. With almost $100 million pilfered in the first week of the year, the cryptocurrency community is on edge, wondering if The Lazarus Group's recent actions signal an impending assault on another protocol.
While the crypto community anxiously speculates on the group's intentions, it is crucial to note that uncertainties abound. The Lazarus Group's recent maneuvers may or may not foreshadow a more extensive campaign. Nevertheless, caution prevails, with the community holding its breath to discern which crypto protocol may be the next target.
Disclaimer: Voice of Crypto strives to provide accurate and current information, but it disclaims responsibility for any omissions or inaccuracies. Given the volatility of cryptocurrencies, individuals are encouraged to conduct thorough research and make informed financial decisions.
#Lazarus #Bitcoin2024 #Bitcoin #Crypto2024 #cryptocurrency
2. The Lazarus Group employed a mixer to transfer the Bitcoin, directing a portion to an inactive address and splitting the rest.
3. Known for the $600 million Axie Infinity attack, this state-backed group is believed to have stolen a staggering $700 million in 2023.
4. The year 2024 has witnessed several notable hacks, such as $4.5 million from Radiant Capital and $82 million from Orbit Chain.
5. The Lazarus Group's recent activities intensify concerns about crypto security, leaving the community uncertain about the next potential target.
In a surprising turn of events, The Lazarus Group, a notorious hacking group believed to be backed by North Korea, has re-emerged after a period of silence. On January 8, 2023, the state-funded hackers orchestrated a significant transfer of more than $1 million in Bitcoin, using what appeared to be a cryptocurrency mixer. The move, detected by Arkham Intelligence, involved the shifting of 27.371 BTC, approximately $1.2 million at the time.
Interestingly, Arkham Intelligence also noted a subsequent transfer of 3.343 BTC (almost $150,000) to an old, inactive address. The remaining funds were then fragmented and distributed across multiple addresses. Post these transactions, the Lazarus Group's Bitcoin holdings were evaluated at $79 million, leaving the crypto community speculating on the group's motives and whether it's a prelude to future cyberattacks.
The Lazarus Group's history is marked by cyberattacks believed to be sponsored by the North Korean government. Responsible for a third of all cyberattacks in 2023, according to a Chainalysis study, the group has employed various tactics such as phishing, brute force attacks, and the creation of malicious websites to pilfer approximately $700 million. Notably, the gang executed a significant heist in March 2022, exploiting a vulnerability in the Axie Infinity bridge contract, absconding with over $600 million in Ether and USD Coin.
As 2024 unfolds, the cryptocurrency space has already witnessed significant security breaches. Radiant Capital fell victim to a $4.5 million flash loan attack, while the Orbit chain experienced multiple attacks totaling $82 million in stolen assets, including Tether, USD Coin, Ether, Wrapped Bitcoin, and DAI. With almost $100 million pilfered in the first week of the year, the cryptocurrency community is on edge, wondering if The Lazarus Group's recent actions signal an impending assault on another protocol.
While the crypto community anxiously speculates on the group's intentions, it is crucial to note that uncertainties abound. The Lazarus Group's recent maneuvers may or may not foreshadow a more extensive campaign. Nevertheless, caution prevails, with the community holding its breath to discern which crypto protocol may be the next target.
Disclaimer: Voice of Crypto strives to provide accurate and current information, but it disclaims responsibility for any omissions or inaccuracies. Given the volatility of cryptocurrencies, individuals are encouraged to conduct thorough research and make informed financial decisions.
#Lazarus #Bitcoin2024 #Bitcoin #Crypto2024 #cryptocurrency
