Tornado Cash used by Lazarus group despite sanctions
The Lazarus Group, identified with North Korea, has resumed activities involving the cryptocurrency mixer Tornado Cash. Analytics firm Elliptic has highlighted on-chain activity showing the group transferring $12 million worth of cryptocurrency. These funds, derived from hacks, moved into Tornado’s wallets on March 13. The Lazarus Group’s actions come despite sanctions against the crypto mixer. […]
A close look at YoMix: Lazarus’ favorite Bitcoin mixer
YoMix has rapidly ascended to the apex of infamy, securing its spot as the preferred tool for obfuscating the origins of ill-gotten gains, especially for the Lazarus Group, a band of infamous cyber marauders from North Korea. This revelation was brought to light by the analytical mavens at Chainalysis in their latest yearly report. With […]
North Korean hacker group Lazarus transfers $1.2 million in Bitcoin to holding wallet
The North Korean hacker collective Lazarus Group, has reportedly transferred $1.2 million worth of Bitcoin. This action represents their largest transaction in over a month. According to Arkham, a blockchain analysis firm, the group’s wallet received 27.371 bitcoins in two separate transactions. Subsequently, 3.34 bitcoins were moved to a wallet previously associated with the group. […]
Orbit Chain cyberattack tied to global hacking syndicate
Blockchain analysts from Match Systems uncovered connections between the recent $81.5 million heist from Orbit Chain and other high-profile crypto cyberattacks in 2023. This revelation ties the Orbit Chain incident to attacks on platforms such as Coinspaid, Coinex, and Atomic Wallet, suggesting the involvement of an organized cybercrime group. The report from Match Systems points […]
A surge of MacOS malware aimed at the crypto industry worries Mac users
The crypto space is currently a target for malicious intent as a new wave of cyber attacks has been noted, one being the Apple MacOS malware. As a social engineering attack strategy, the crypto community members have been the major victims since the malware is embedded in a zip file, imitating a bot designed to […]
Elliptic ties Russian hackers to the FTX stolen funds
As if matters couldn’t get any worse, days after the collapse of the crypto exchange FTX, the exchange was hacked for $475 million. Elliptic, a blockchain analytics company, stated that it has now uncovered clues that may reveal who was behind the attack. Shortly after the breach, $74 million was transferred through RenBridge, a platform […]
Crime displacement from mixers to cross-chain bridges following crackdown
Law enforcement and fights against crime are often a race between the criminals and the enforcers. The race may require more tactics for the other party to win or outrun the other. For instance, too many restrictions in one jurisdiction may prompt criminals to shift their operations to another jurisdiction, referred to as ‘Crime displacement.’ […]
How trustworthy is Chainalysis data, or is it Junk Science?
Chainalysis is now facing scrutiny over blockchain analytics tools. Lawyers have termed the science behind the on-chain analytics software as junk science, especially its reliability in high-profile criminal cases. The Wall Street-backed blockchain analytics firm offers software that helps track fraudulent activities in the crypto industry. The recent lawsuit against Roman Sterlingov highlighted the unreliability […]
North Korea’s Lazarus Group suspected in $55 million CoinEx hack
In a startling revelation, North Korea’s Lazarus Group is believed to be the mastermind behind the recent $55 million hack of cryptocurrency exchange CoinEx. The suspicion was confirmed by blockchain security firm SlowMist and on-chain investigator ZachXBT, who found a link between the CoinEx hack and a previous attack on betting platform Stake.com. Both attacks […]
FBI identifies North Korean Lazarus Group behind $41 million heist from Stake.com
In a revelation that has sent shockwaves through the cryptocurrency community, the Federal Bureau of Investigation (FBI) has identified the Lazarus Group, a notorious North Korean hacker collective, as the perpetrators behind the recent $41 million theft from Stake.com. The online crypto casino, which had already been grappling with a security breach involving suspicious outflows, […]
North Korean Hackers, Lazarus group, tied to the Atomic Wallet breach
Elliptic, a blockchain intelligence firm, said in a blog post on Tuesday that users of Atomic Wallet may have fallen victim to Lazarus, the notorious North Korean cybercrime group. Reportedly, illegal funds from the $35 million Atomic Wallet hack have been transferred to a crypto aggregator that is favored by North Korea’s most notorious cyber-hacking […]
Norway police confiscate $5.9 million in connection with the Axie Infinity hack
On Thursday, the Norway police released an email statement announcing the seizure of 60 million Kroner (roughly $5.9 million). However, the seized cryptocurrency was linked to the Axie Infinity hack in March 2022. It resulted in losses estimated at around $600 million, with this seizure being one of the largest by Økokrim—the unit fighting economic […]
Huobi and Binance take action against North Korean hackers – What you need to know
Two major cryptocurrency exchanges, Binance and Huobi, have frozen accounts containing approximately $1.4 million in crypto assets linked to the North Korean Lazarus Group’s cybercrime activities. How Huobi and Binance did it This swift action was made possible by espionage provided by Elliptic, a blockchain analytics firm, which traced the funds to their destination. The […]
Could Lazarus Group be behind the Harmony Bridge attack?
Emerging reports claim that the renowned North Korean hacking team known as the Lazarus Group may have been responsible for the assault that took place on Harmony Bridge in June of 2022. In addition to this, it is alleged that the gang moved the monies across a number of other online services. Additional funds were sent […]
Japan greenlights stringent AML rules for crypto. Will they help with the Lazarus Group?
Japan has a field day with the crypto space in the preceding twenty-four hours. Lazarus, a North Korean hacking group, has been identified by Japan’s national police as the group responsible for years of crypto-related cyber-attacks. According to a joint statement issued by the local police and the Financial Services Agency of Japan, the hacker […]
