FBI - North Korean Lazarus hackers could be about to cash in millions of stolen Bitcoin

Date:
Thu, 24 Aug 2023 14:55:43 +0000

Description:
Lazarus seemingly prepares to sell its Bitcoin stash, FBI warns.

FULL STORY ======================================================================

The infamous North Korean state-sponsored threat actor Lazarus Group is getting ready to dump $41 million worth of Bitcoin on the market, a new Federal Bureau of Investigation (FBI) report has claimed.

The U.S. federal law enforcement agency recently issued a warning, saying it observed Bitcoin stolen last year moving to different wallets:

"Over the last 24 hours, the FBI tracked cryptocurrency stolen by the Democratic People's Republic of Korea (DPRK) TraderTraitor-affiliated actors (also known as Lazarus Group and APT38)," the warning reads. "The FBI
believes the DPRK may attempt to cash out the bitcoin worth more than $40 million dollars." A warning to trading platforms

The FBI says its tracking approximately 1,580 Bitcoin as its being moved to six separate wallets:

3LU8wRu4ZnXP4UM8Yo6kkTiGHM9BubgyiG

39idqitN9tYNmq3wYanwg3MitFB5TZCjWu

3AAUBbKJorvNhEUFhKnep9YTwmZECxE4Nk

3PjNaSeP8GzLjGeu51JR19Q2Lu8W2Te9oc

3NbdrezMzAVVfXv5MTQJn4hWqKhYCTCJoB

34VXKa5upLWVYMXmgid6bFM4BaQXHxSUoL

The law enforcement agency is now urging cryptocurrency trading platforms and other firms dealing with the nascent technology to be careful when receiving Bitcoin and to analyze the blockchain data to make sure theyre not laundering money stolen in various hacks and scams.

"The FBI will continue to expose and combat the DPRK's use of illicit activitiesincluding cybercrime and virtual currency theftto generate revenue for the regime," the FBI concluded. Read more

FBI confirms North Korean Lazarus Group was behind major Harmony crypto

heist

Fake Crypto.com job offers targeting developers and artists to spread

malware

These are the best firewalls right now

Lazarus Group is one of the deadliest threat actors out there, whose
campaigns netted hundreds of millions of dollars in stolen cryptocurrencies. The North Korean state-sponsored actor was responsible for the attack on the Ronin Network, which resulted in the theft of more than $600 million. Lazarus was also responsible for the attack on Harmony bridge, in which it walked
away with roughly $100 million.

In many instances, Lazarus impersonated large cryptocurrency firms and approached crypto developers on LinkedIn with seemingly lucrative job offers. Gullible developers were delivered malware, which allowed Lazarus operatives to infiltrate different networks, infect endpoints, and ultimately - steal money. Some researchers believe the money is being spent on North Koreas weapons program. Check out the best endpoint protection services

Via: BleepingComputer



======================================================================
Link to news story: https://www.techradar.com/pro/security/fbi-north-korean-lazarus-hackers-could- be-about-to-cash-in-millions-of-stolen-bitcoin


--- Mystic BBS v1.12 A47 (Linux/64)
* Origin: tqwNet Technology News (1337:1/100)