header banner
Default

The FBI warns that North Korea is prepared to withdraw more than $40 million in Bitcoin following its summer of attacks


Table of Contents

    After a series of high-profile cryptocurrency heists, a state-sponsored North Korean malicious hacking group is poised to cash out millions of dollars.

    That's the opinion of the FBI, which this week has warned cryptocurrency companies about recent blockchain activity it has observed connected to the theft of hundreds of millions of cryptocurrency in recent months.

    The FBI says that the notorious North Korean-backed Lazarus Group is behind a series of recent attacks, including:

    CoinsPaid previously described how Lazarus Group criminals spent months learning about its staff and structure, before posing as recruiters on LinkedIn to trick workers into installing boobytrapped software.

    The FBI says that North Korea may now attempt to cash out more than $40 million worth of Bitcoin, and has urged cryptocurrency companies to guard against transactions involving six Bitcoin addresses:

    • 3LU8wRu4ZnXP4UM8Yo6kkTiGHM9BubgyiG
    • 39idqitN9tYNmq3wYanwg3MitFB5TZCjWu
    • 3AAUBbKJorvNhEUFhKnep9YTwmZECxE4Nk
    • 3PjNaSeP8GzLjGeu51JR19Q2Lu8W2Te9oc
    • 3NbdrezMzAVVfXv5MTQJn4hWqKhYCTCJoB
    • 34VXKa5upLWVYMXmgid6bFM4BaQXHxSUoL

    According to its press release, "the FBI will continue to expose and combat the DPRK’s use of illicit activities — including cybercrime and virtual currency theft — to generate revenue for the regime."

    Last year the FBI linked the Lazarus Group (also known as APT38 and TraderTraitor) to the cyberattack of Harmony Bridge ($100 million stolen) and the blockchain-based Axie Infinity game (a staggering $620 million worth of cryptocurrency stolen).


    Editor’s Note: The opinions expressed in this guest author article are solely those of the contributor, and do not necessarily reflect those of Tripwire, Inc.

    Sources


    Article information

    Author: Nicole Norman

    Last Updated: 1702768682

    Views: 1290

    Rating: 4.6 / 5 (80 voted)

    Reviews: 88% of readers found this page helpful

    Author information

    Name: Nicole Norman

    Birthday: 1954-09-06

    Address: 97122 Tiffany Mews, Lake Maria, AR 36686

    Phone: +4756503337686618

    Job: Article Writer

    Hobby: Astronomy, Pottery, Role-Playing Games, Video Editing, Embroidery, Cocktail Mixing, Orienteering

    Introduction: My name is Nicole Norman, I am a honest, brilliant, sincere, strong-willed, Precious, unreserved, dazzling person who loves writing and wants to share my knowledge and understanding with you.