FBI links largest crypto hack ever to Lazarus state hackers | Bleeping Computerwww.bleepingcomputer.com/news/security/fbi-links-largest-crypto-hack-ever-to-lazarus-state-hackers
46 sats \ 4 comments \ @cryptocoin 14 Apr 2022 bitcoin
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0 sats \ 3 replies \ @cryptocoin OP 14 Apr 2022
The Treasury Department's Office of Foreign Assets Control (OFAC) has sanctioned the address that received the cryptocurrency stolen in the largest cryptocurrency hack ever, the hack of Axie Infinity's Ronin network bridge.
"Today, the FBI attributed North Korea based Lazarus Group to the Ronin Validator Security Breach," Sky Mavis said today.
This attack is the largest crypto hack in history, with the previous most significant theft of cryptocurrency being the $611 million Poly Network hack from August 2021.
The US government also offers a reward of up to $5 million for tips on the DPRK hackers' malicious activity to help identify or locate them.
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0 sats \ 2 replies \ @cryptocoin OP 14 Apr 2022
FBI Statement on Attribution of Malicious Cyber Activity Posed by the Democratic People's Republic of Korea https://www.fbi.gov/news/pressrel/press-releases/fbi-statement-on-attribution-of-malicious-cyber-activity-posed-by-the-democratic-peoples-republic-of-korea
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0 sats \ 1 reply \ @cryptocoin OP 14 Apr 2022
A CoinDesk article on this development:
"'Identification of the wallet will make clear to other VC actors, that by transacting with it, they risk exposure to US sanctions. [...].' the Treasury spokesperson said."
The spokesperson said anti-money laundering and countering the financing of terrorists were "critical" chokepoints in preventing money laundering with stolen funds, and called on the crypto industry to implement these types of safeguards.
US Officials Tie North Korea’s ‘Lazarus’ Hackers to $625M Crypto Theft https://www.coindesk.com/policy/2022/04/14/us-officials-tie-north-korean-hacker-group-to-axies-ronin-exploit https://archive.ph/Gd2MA <-- An archive, which may be easier to read
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0 sats \ 0 replies \ @cryptocoin OP 16 Apr 2022
UPDATE
Making a brief pit stop at a fresh, unsanctioned wallet, its crypto quickly flew through the popular coin mixer Tornado Cash, where the trail went cold.
One month after draining the Ronin Bridge of over $600 million in crypto, the hackers are pushing their trove through Tornado Cash, about $10 million at a time.
Sanctioned Crypto Wallet Linked to North Korean Hackers Keeps On Laundering https://www.coindesk.com/tech/2022/04/15/sanctioned-crypto-wallet-linked-to-north-korean-hackers-keeps-on-laundering/
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