Security News > 2023 > September > North Korea's Lazarus Group Suspected in $31 Million CoinEx Heist

The North Korea-affiliated Lazarus Group has stolen nearly $240 million in cryptocurrency since June 2023, marking a significant escalation of its hacks.

According to multiple reports from Certik, Elliptic, and ZachXBT, the infamous hacking group is said to be suspected behind the theft of $31 million in digital assets from the CoinEx exchange on September 12, 2023.

The crypto heist aimed at CoinEx adds to a string of recent attacks targeting Atomic Wallet, CoinsPaid, Alphapo, and Stake.com.

"Some of the funds stolen from CoinEx were sent to an address which was used by the Lazarus group to launder funds stolen from Stake.com, albeit on a different blockchain," Elliptic said.

North Korea has leveraged cryptocurrency thefts as a way to get around sanctions and fund its weapons programs.

The Lazarus Group and its sub-clusters as well as other hacking outfits linked to the country have been on a rampage in recent months, orchestrating a variety of malicious operations, including software supply chain attacks targeting companies such as 3CX and JumpCloud as well as open-source repositories for JavaScript and Python.

News URL

https://thehackernews.com/2023/09/north-koreas-lazarus-group-suspected-in.html