The security service disclosed that 1,580 BTCs were stolen.
North Korean hackers have stolen over $2 billion in the last five years: TRM Labs.
The Federal
Bureau of Investigation (FBI) has traced over $40 million in stolen Bitcoin (BTC) funds this week to Lazarus Group, a hacking group linked to the North
Korean government. The group, which uses malicious applications to target
cryptocurrency companies and individuals, is also known as Trader-Traitor.
Lazarus Implicated in $40 Million Bitcoin Theft
In a
statement released yesterday (Tuesday), the FBI noted that approximately 1,580
BTCs were stolen and are currently being held at six BTC addresses. The US domestic
intelligence and security service added that the group may attempt to cash out
the stolen digital assets.
The agency pointed out that the group is behind several significant crypto thefts recorded in recent
months. These include the heist of $60 million in digital assets from Alphapo,
the $37 million stolen from CoinsPaid, and a $100 million misappropriated from Atomic
Wallet, all of which were carried out in June this year.
โThe FBI
previously provided information on their attacks against Harmonyโs Horizon
bridge and Sky Mavisโ Ronin Bridge, and provided a Cybersecurity Advisory on
TraderTraitor,โ the FBI added.
In the
statement, the intelligence agency called on blockchain companies to
scrutinize blockchain records of the BTC addresses. It further urged
private companies to exercise caution in order to avoid transactions that are
directly or indirectly linked to the addresses.
โThe FBI
will continue to expose and combat the Democratic People's Republic of Korea's use of illicit
activities โ including cybercrime and virtual currency theft โ to generate revenue
for the regime,โ the FBI said.
Over $2B Stolen in the Last Five Years: Report
Over the
last few years, North Korean hackers have continued to pose a dire threat on the cryptocurrency industry, with the Lazarus Group emerging as one of the most notorious. Last
year, the group stole $540
million by hacking
the Ronin Network, which is the blockchain powering the Axie Infinity game.
A year before, the notorious group manipulated the cryptocurrency exchange, KuCoin, stealing about $281 million.
According
to a recent report by TRM Labs, a blockchain intelligence company, North Korean
hackers have stolen more than $2 billion in
cryptocurrencies via over 30 attacks over the last five years. In 2022 alone, they stole over $800
million by launching three attacks on cross-chain bridges, showing their increasing focus on the decentralized finance ecosystem.
โIn 2023,
although the total amount stolen in cryptocurrency attacks is
down from a record-setting 2022, North Korea has maintained its
focus on the crypto ecosystem,โ TRM Labs stated in the report. โYear-to-date,
North Korea has stolen USD 200 million in cryptocurrency, accounting for over
20% of all stolen crypto this year.โ
The Federal
Bureau of Investigation (FBI) has traced over $40 million in stolen Bitcoin (BTC) funds this week to Lazarus Group, a hacking group linked to the North
Korean government. The group, which uses malicious applications to target
cryptocurrency companies and individuals, is also known as Trader-Traitor.
Lazarus Implicated in $40 Million Bitcoin Theft
In a
statement released yesterday (Tuesday), the FBI noted that approximately 1,580
BTCs were stolen and are currently being held at six BTC addresses. The US domestic
intelligence and security service added that the group may attempt to cash out
the stolen digital assets.
The agency pointed out that the group is behind several significant crypto thefts recorded in recent
months. These include the heist of $60 million in digital assets from Alphapo,
the $37 million stolen from CoinsPaid, and a $100 million misappropriated from Atomic
Wallet, all of which were carried out in June this year.
โThe FBI
previously provided information on their attacks against Harmonyโs Horizon
bridge and Sky Mavisโ Ronin Bridge, and provided a Cybersecurity Advisory on
TraderTraitor,โ the FBI added.
In the
statement, the intelligence agency called on blockchain companies to
scrutinize blockchain records of the BTC addresses. It further urged
private companies to exercise caution in order to avoid transactions that are
directly or indirectly linked to the addresses.
โThe FBI
will continue to expose and combat the Democratic People's Republic of Korea's use of illicit
activities โ including cybercrime and virtual currency theft โ to generate revenue
for the regime,โ the FBI said.
Over $2B Stolen in the Last Five Years: Report
Over the
last few years, North Korean hackers have continued to pose a dire threat on the cryptocurrency industry, with the Lazarus Group emerging as one of the most notorious. Last
year, the group stole $540
million by hacking
the Ronin Network, which is the blockchain powering the Axie Infinity game.
A year before, the notorious group manipulated the cryptocurrency exchange, KuCoin, stealing about $281 million.
According
to a recent report by TRM Labs, a blockchain intelligence company, North Korean
hackers have stolen more than $2 billion in
cryptocurrencies via over 30 attacks over the last five years. In 2022 alone, they stole over $800
million by launching three attacks on cross-chain bridges, showing their increasing focus on the decentralized finance ecosystem.
โIn 2023,
although the total amount stolen in cryptocurrency attacks is
down from a record-setting 2022, North Korea has maintained its
focus on the crypto ecosystem,โ TRM Labs stated in the report. โYear-to-date,
North Korea has stolen USD 200 million in cryptocurrency, accounting for over
20% of all stolen crypto this year.โ
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
Revolut X: Fintech Firm Ventures into Crypto Exchange Arena
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now ๐ https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
๐ฃ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now ๐ https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
๐ฃ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
๐ LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
๐ Facebook: https://www.facebook.com/FinanceMagnatesEvents
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๐ฆ Twitter: https://twitter.com/F_M_events
๐ฅ TikTok: https://www.tiktok.com/@fmevents_official
โถ๏ธ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaโs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now ๐ https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
๐ฃ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
๐ LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
๐ Facebook: https://www.facebook.com/FinanceMagnatesEvents
๐ธ Instagram: https://www.instagram.com/fmevents_official
๐ฆ Twitter: https://twitter.com/F_M_events
๐ฅ TikTok: https://www.tiktok.com/@fmevents_official
โถ๏ธ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaโs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now ๐ https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
๐ฃ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
๐ LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
๐ Facebook: https://www.facebook.com/FinanceMagnatesEvents
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๐ฆ Twitter: https://twitter.com/F_M_events
๐ฅ TikTok: https://www.tiktok.com/@fmevents_official
โถ๏ธ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
๐ฃ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
๐ LinkedIn: https://www.linkedin.com/company/financemagnates/
๐ Facebook: https://www.facebook.com/financemagnates/
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Don't miss out on our latest videos, interviews, and event coverage.
๐ Subscribe to our YouTube channel for more!๐
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
๐ฃ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
๐ LinkedIn: https://www.linkedin.com/company/financemagnates/
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
๐ฃ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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๐ Subscribe to our YouTube channel for more!๐
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
๐ฃ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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