Security News > 2023 > June > North Korea's Lazarus Group linked to Atomic Wallet heist

The North Korean criminal gang Lazarus Group has been blamed for last weekend's attack on Atomic Wallet that drained at least $35 million in cryptocurrency from private accounts.

The researchers added that the "Stolen assets are being laundered using specific services, including the Sinbad mixer, which have also been used to launder the proceeds of past hacks perpetrated by the Lazarus Group." In addition, the stolen assets were mingled in wallets that also hold cryptocurrency stolen in previous attacks by the Lazarus Group.

Norway finds a way to recover crypto North Korea pinched in Axie heist DoJ, Treasury accuses 3 men of laundering crypto for North Korea US bans North Korean outsourcer and its feisty freelancers Another year, another North Korean malware-spreading, crypto-stealing gang named.

If the Atomic Wallet attack was launched by the North Koreans - and remember, Elliptic has a "High level of confidence" it was - it will be the first major crypto theft attributed to the group since the Harmony heist.

Elliptic tying the Sinbad mixer to the Atomic Wallet is a telling sign of Lazarus Group's involvement.

Investigating money grabs like Atomic Wallet and clawing back as much of the stolen crypto is important not only to return it to victims but also to keep it out of the hands of North Korea's leaders, who use much of the money stolen by Lazarus Group and others to fund the country's military and nuclear weapons programs.

News URL

https://go.theregister.com/feed/www.theregister.com/2023/06/08/lazarus_link_atomic_wallet/