Cryptocurrency investors have been transfixed over the past few days by the antics of a mysterious hacker who stole more than $600 million - before giving some of it back. The hacker struck Poly Network, a company that handles cryptocurrency transfers, on Tuesday in one of the biggest thefts of digital monies in history.
The threat actor who hacked Poly Network's cross-chain interoperability protocol yesterday to steal over $600 million worth of cryptocurrency assets is now returning the stolen funds. As the Chinese decentralized finance platform Poly Network shared two hours ago, the hacker has already returned almost $260 million worth of stolen cryptocurrency.
The threat actor who hacked Poly Network's cross-chain interoperability protocol yesterday to steal over $600 million worth of cryptocurrency assets is now returning the stolen funds. AAs the Chinese decentralized finance platform Poly Network shared two hours ago, the hacker has already returned almost $260 million worth of stolen cryptocurrency.
A firm specializing in transferring cryptocurrency said that hackers have given back $260 million worth of digital loot from a record haul. Poly Network fired off a tweet Wednesday saying hackers had returned $260 million worth of the digital assets taken in a heist a day earlier valued at $613 million.
A firm specializing in transferring cryptocurrency said Tuesday that hackers cracked its security, making off with a record-setting haul potentially worth $600 million. "The amount of money you hacked is the biggest one in the defi history," Poly Network said in a tweeted message to the thieves, using a reference to decentralized finance involving cryptocurrency.
Security researchers piecing together evidence from multiple attacks on cryptocurrency exchanges, attributed to a threat actor they named CryptoCore have established a strong connection to the North Korean state-sponsored group Lazarus. Last year, cybersecurity company ClearSky published a report about the financially motivated CryptoCore campaign that targeted cryptocurrency wallets belonging to exchanges or their employees.
The U.S. Department of Justice on Wednesday indicted three suspected North Korean hackers for allegedly conspiring to steal and extort over $1.3 billion in cash and cryptocurrencies from financial institutions and businesses. Accusing them of creating and deploying multiple malicious cryptocurrency applications, developing and fraudulently marketing a blockchain platform, the indictment expands on the 2018 charges brought against Park, one of the alleged nation-state hackers previously charged in connection with the 2014 cyberattack on Sony Pictures Entertainment.
The U.S. Justice Department on Wednesday announced the indictment of three North Korean military intelligence officials linked to high-profile cyber-attacks that included the theft of $1.3 billion in money and crypto-currency from organizations around the world. The DOJ described the scope of the North Korean hacking operation as "Extensive and long-running".
"My warning to the public is that digital currency exchanges are not like banks. The security of digital currency exchanges is only as good as your own vigilance. While law enforcement will do everything within our power to protect you, you must also protect yourself." How could the North Korean Lazarus Group become any more of a threat to the rest of the internet? We're glad you asked.
AT&T has been sued for a second time over allegations its staff gave thieves control of a specific individual's cellphone number to steal a large chunk of cryptocurrency. Seth Shapiro's $1.9m claim follows in the footsteps of Michael Terpin, who sued the gigantic US cellular network in 2018 for more or less the same thing: staff ported a subscriber's phone number to a hacker's SIM - a so-called SIM swap scam - allowing the miscreant to steal what Terpin claims in his case was $24m in cryptocurrency.