Even though groups like Lazarus have taken a lot of crypto, the technology that keeps track of crypto transactions makes it hard for them to use the stolen funds without getting caught.
The FBI, which is like a police agency in the United States, has said that six Bitcoin wallets are connected to a hacking group from North Korea called Lazarus. These wallets have 1,580 Bitcoin, which is worth about $40 million. The FBI believes this money comes from different crypto hacks that happened over the last year.
The FBI found out that Lazarus Group moved about 1,580 Bitcoin that was involved in different crypto hacks. This money is now in six Bitcoin addresses:
- 3LU8wRu4ZnXP4UM8Yo6kkTiGHM9BubgyiG
- 39idqitN9tYNmq3wYanwg3MitFB5TZCjWu
- 3AAUBbKJorvNhEUFhKnep9YTwmZECxE4Nk
- 3PjNaSeP8GzLjGeu51JR19Q2Lu8W2Te9oc
- 3NbdrezMzAVVfXv5MTQJn4hWqKhYCTCJoB
- 34VXKa5upLWVYMXmgid6bFM4BaQXHxSUoL
The FBI told companies that work with crypto to be careful because the movement of money from these wallets could mean that the hackers are trying to sell the Bitcoin. The FBI advised companies to watch out for these six Bitcoin wallets and use information from the blockchain to see if any money moves from them.
The FBI said,
“Private sector entities should examine the blockchain data associated with these addresses and be vigilant in guarding against transactions directly with, or derived from, the addresses.”
North Korean Hackers Stealing Billions in Crypto Exploits
A hacking group from North Korea has been involved in stealing a lot of cryptocurrency over the years. They have taken billions of dollars’ worth of crypto assets through various attacks. A recent report from TRM Labs said they have stolen almost $2 billion in crypto since 2018. The group was most active in 2022, stealing nearly $1 billion worth of crypto last year.
In 2022, there were big problems in decentralized finance (DeFi), and Lazarus Group was found to be behind some of them. They were responsible for attacks on Harmony’s Horizon bridge and Sky Mavis’ $625-million hack on a part of Ethereum called Ronin Bridge.
Even though these hackers are getting better at their attacks, the technology that keeps track of crypto makes it hard for them to use the stolen money without getting caught. Law enforcement like the FBI and crypto companies have worked together to stop these hackers. They froze $1.4 million of crypto assets linked to North Korea earlier this year, and they also froze $63 million from the Harmony Bridge hack.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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