![]() ![]() North Korean attacks on crypto exchanges reportedly netted $316m in two years.North Korea using freelance techies to fund missiles and nukes.North Korea hits new low by using Seoul Halloween tragedy to exploit Internet Explorer zero-day.The US State Department does, however, offer a $10 million reward for information on North Korea’s state-sponsored hacking in the hope of more effectively combating North Korea’s cybercrime program. The nation’s murderous regime conducts wholesale human rights abuses of its citizenry but needs funds to pursue the conventional missile and nuclear weapons programs that help to keep its rulers in power by making the cost of seeking regime change unacceptable to nations that oppose its violent autocracy. North Korea steals crypto because sanctions make it hard for the rogue nation to access fiat currencies. Lazarus Group is identified suspected of being a cybercrime crew run by the government of North Korea and is infamous for the WannaCry ransomware, attacking Sony Pictures and stealing secrets from energy companies. ![]() The Harmony bridge was a crypto-transfer service that was attacked in June 2022, with around $100m of crypto lost as a result of the attack.Īnalysts quickly identified Lazarus Group as the sort of entity that could be interested in attacking Harmony. This story starts with a crypto researcher who goes by “ZachXBT” and late last week spotted an entity called “Lazarus Group” moving 41,000 ETH “from the Harmony Bridge hack through Railgun on Jan 13-14 2023 before depositing funds on three exchanges.”ġ/2 North Korea’s Lazarus Group had a very busy weekend moving $63.5m (~41000 ETH) from the Harmony bridge hack through Railgun before consolidating funds and depositing on three different exchanges. Two cryptocurrency exchanges have frozen accounts identified as having been used by North Korea’s notorious Lazarus Group. ![]()
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