United

Bitcoin

Tornado Cash

Tornado

WazirX

<ul class="wp-block-list"> 
 <li>North Korean coders have penetrated at least 25 cryptocurrency projects.</li> 
 <li>The Lazarus Group was the subject of several September FBI warnings.</li> 
</ul> 
The United States government initiated the seizure of nearly $2.67 million worth of digital assets taken by the North Korean <a href="https://thenewscrypto.com/zachxbt-accuses-circle-of-profiting-from-lazarus-group-linked-transactions/" target="_blank" rel="noreferrer noopener">Lazarus Group</a> of hackers on October 4th via the filing of two formal complaints. 
Legal documents indicate that the United States government is attempting to recoup around $1.7 million in Tether USDT that the group took in the 2022 Deribit breach, which resulted in a $28 million loss for the options exchange. 
Moreover, after breaking into a Deribit hot wallet, the hackers tried to evade discovery by moving the money via the <a href="https://thenewscrypto.com/tornado-cashs-roman-storm-to-face-trial-after-dismissal-denied/" target="_blank" rel="noreferrer noopener">Tornado Cash</a> mixer and a number of <a href="http://ethereum.org" target="_blank" rel="noreferrer noopener nofollow">Ethereum</a> addresses. 
<h3 class="wp-block-heading" id="h-multiple-assaults">Multiple Assaults</h3> 
The Lazarus Group hacked the <a href="http://stake.com" target="_blank" rel="noreferrer noopener nofollow">Stake.com</a> gambling platform in 2023, and US law enforcement authorities are now filing to recover around $970,000 worth of Avalanche-bridged Bitcoin (BTC.b) that was taken in the breach. Stake suffered damages of around $41 million as a result of the malicious assault. 
Attacks associated with the Lazarus Group are many, and the ones at Deribit and Stake.com are only two examples. In July 2024, the WazirX exchange was hacked, causing the platform to lose around $235 million. Onchain detectives believe that the Lazarus Group was also involved in this breach. 
North Korean coders have penetrated at least 25 cryptocurrency projects, according to a onchain detective report dated Aug. 15 by ZackXBT. The onchain investigators found that developers were stealing funds and compromising code by logging onto projects using false identities. According to ZackXBT, it’s likely that all of the identified developers were employed by the same group. 
The Lazarus Group was the subject of several September FBI warnings, one of which addressed social engineering frauds. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/nft-weekly-sales-volume-surges-to-84-9m-despite-market-slump/" target="_blank" rel="noreferrer noopener">NFT Weekly Sales Volume Surges to $84.9M Despite Market Slump</a>

US Authorities File Complaint Eyeing to Recoup Crypto from Lazarus Group

Table of Contents

TheNewsCrypto

Other articles published on Oct 7, 2024

Bitcoin Gains Strength and Encourages Market Sentiment

$301 Million Wiped out From Bitcoin ETFs, What Happened?

Henrik Zeberg Predicts Significant Movements for Bitcoin in Q4

Binance Secures Regulatory Approval in Argentina, Offering Full Crypto Services to Local Users

Crypto ETP giant 21Shares urges European regulator to bring regulatory clarity

CleanSpark Restores Bitcoin Mining Operations, Surpassing 28.7 EH/s After Hurricane Helene

Join our free newsletter for daily crypto updates!