North Korean Hackers, Lazarus group, tied to the Atomic Wallet breach

TL;DR Breakdown

  • Elliptic Firm and its Investigative arm say that users of Atomic Wallet have fallen victim to Lazarus, the notorious North Korean cybercrime group. 
  • So far, $35 million has been stolen in bitcoin, ether, tether, Dogecoin, Litecoin, BNB coin, polygon, and Tron-based USDT.
  • The stolen assets are being laundered using specific services, such as the Sinbad mixer, which has also been used to launder the proceeds of Lazarus Group Hacks in the past.

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 group.

The Lazarus Group financial terror hits the crypto industry hard

Lazarus Group is a North Korean cybercrime organization known for its cyber exploits, and it has been blamed for a number of attacks since 2010. The entity is thought to be funded by the North Korean government and consists of an unknown number of hackers. It has launched an increasing number of attacks through its various subgroups, including StoneFly, AndAriel, and BlueNoroff.

Since 2017, when it attacked South Korean crypto investors with Bitcoin and Monero holdings, the criminal group has terrorized the crypto community by using autonomous means of distributing new sorts of computer viruses that expose flaws in well-known software systems. Previously, Lazarus Group was notorious for conducting cyber espionage campaigns against South Korean government entities through distributed denial-of-service assaults.

Lazarus Group has also used the SWIFT network to undertake assaults on global organizations such as Sony and banking institutions, as well as a large-scale ransomware attack that affected thousands of machines in countries such as Russia, India, Taiwan, and Ukraine. During the COVID-19 pandemic in late 2020, the criminal group used spear-phishing techniques to get into computers and stole proprietary COVID-19 research.

The group began 2022 with a $600 million heist on Ronin, the blockchain protocol associated with the renowned crypto game Axie Infinity. Lazarus Group has been linked to a new type of crypto hacking, promoting fake crypto applications under the brand BloxHolder to spread the AppleJeus malware and steal crypto funds. The group is responsible for more than 25 notable attacks. 

Atomic Wallet suffers loss under cyber criminals

The team behind Atomic Wallet, a non-custodial crypto wallet, announced early Saturday morning that some users had their wallets compromised and funds stolen. The number of incidents reportedly did not exceed 1% of “monthly active users.” The announcement followed many complaints on Reddit from users whose wallets had been emptied.

ZachXBT, a pseudonymous blockchain detective, estimated that approximately $35 million worth of crypto had been stolen, including bitcoin, ether, tether, dogecoin, Litecoin, BNB coin, polygon, and Tron-based USDT.

Elliptic wrote that the stolen crypto was transferred to a mixer called Sindbad.io. This mixer, which Elliptic believes is a successor to the previously sanctioned mixer Blender.io, has frequently been used to launder money from other hacks attributed to Lazarus, according to Elliptic, who noted that the utilization pattern is identical. According to the blog post, the company also discovered connections between the wallets containing the stolen funds from Atomic and some of the Lazarus breaches.

Non-custodial wallets, such as Atomic, allow users to retain their crypto autonomously, without relying on a centralized entity, which means that if users lose their wallet’s device or password, they can only recover funds using the seed phrase. Anyone with access to the seed phrase, on the other hand, can clone the wallet and steal the funds.

Three hours ago, Elliptic Investigations updated that Atomic Wallet hack funds have just been swapped for USDT and bridged to TRON.

It’s probable that the stolen crypto assets were mixed in wallets containing the proceeds of previous Lazarus Group attacks. This would be the first large crypto theft openly traced to Lazarus Group since the $100 million Horizon Bridge breach in June 2022. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:North Korean Hackers, Lazarus group, tied to the Atomic Wallet breach

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月12日 11:23
Next 2023年6月12日 12:06

Related articles

  • Bitcoin hash rate hits an all-time high of 465 EH/s over the weekend

    TL;DR Breakdown Bitcoin hash rate hit an all-time high of 465 EH/s over the weekend Miners could suffer after the next halving BTC price has been quite stable over the weekend, above $30,000 Description Bitcoin’s hash rate climbed to an all-time high over the weekend, spiking to 465 EH/s on Saturday from 406 EH/s. Even though the value decreased by 6% to 428 EH/s on Sunday, the hash rate is still at its highest. Meanwhile, there was also a 3-day average rise of more than 18% to 444 EH/s. … Read more Bitcoin’s hash rate climbed to an all-time high over the weekend, spiking to 465 EH/s on Saturday from 406 EH/s. Even though the value decreased by 6% to 428 EH/s on Sunday, the hash rate is still at its highest. Meanwhile, there was also a 3-day average rise of more than 18% to 444 EH/s. Bitcoin hash rate increases BitInfoCharts notes that the bitcoin hash rate hit a record high on July 8 at 465 EH/s. Notably, a more secure network correlates with a higher hash rate, which…

    Article 2023年7月11日
  • CoinEX restarts operations with a new wallet system

    TL;DR Breakdown CoinEX has announced the restart of its services using a new wallet system after its previous hack. Restarting services on the platform and the way forward. Description Cryptocurrency exchange CoinEx is gearing up to resume deposit and withdrawal services for its users following a devastating $70 million hack, which occurred due to compromised hot wallet private keys. The exchange had previously outlined its commitment to developing a new wallet system that would support its extensive range of 211 blockchains and 737 tokens, … Read more Cryptocurrency exchange CoinEx is gearing up to resume deposit and withdrawal services for its users following a devastating $70 million hack, which occurred due to compromised hot wallet private keys. The exchange had previously outlined its commitment to developing a new wallet system that would support its extensive range of 211 blockchains and 737 tokens, all of which were affected by the hacking incident. CoinEX enables deposits and withdrawals In its latest statement, CoinEx announced the resumption of deposit and withdrawal services for major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD…

    Article 2023年9月21日
  • Fitch’s downgrade of U.S. debt finds solid ground

    TL;DR Breakdown Fitch downgrades U.S. credit rating from AAA to AA+. Blackstone’s Stephen Schwarzman supports the downgrade, highlighting fiscal concerns. Unlike the 2011 S&P downgrade, economists are less alarmed this time. Reasons include projected fiscal decline, mounting debt, and congressional conflicts. Description Few can argue with Fitch’s decision to slash the U.S. rating from AAA to AA+. When a revered institution sounds the alarm over America’s swelling debt and wavering fiscal discipline, it’s time to sit up and listen. A decade has passed since Standard & Poor raised eyebrows by cutting its rating on U.S. debt. Yet, … Read more Few can argue with Fitch’s decision to slash the U.S. rating from AAA to AA+. When a revered institution sounds the alarm over America’s swelling debt and wavering fiscal discipline, it’s time to sit up and listen. A decade has passed since Standard & Poor raised eyebrows by cutting its rating on U.S. debt. Yet, this week, Fitch took a similar step, setting Wall Street abuzz. Echoes of 2011 Blackstone’s top dog, Stephen Schwarzman, isn’t among the naysayers. On CNBC’s…

    Article 2023年8月7日
  • What if the BRICS and the SCO merge? – What then?

    TL;DR Breakdown The idea of BRICS merging with the Shanghai Cooperation Organization (SCO) has been suggested as a possibility by an Indian analyst. The resulting entity from such a merger would have more clarity, strength, and could influence the international stage significantly. Both BRICS and SCO have similar overarching objectives and their combination could be a powerful entity in global politics. Description Global geopolitics has long been a game of intricate chess, with power blocs rising and falling, forging alliances, and pushing their agendas. The current climate of international relations and global conflict – a setting that one Indian analyst boldly labels as the onset of World War III – presents us with a thought-provoking question: What … Read more Global geopolitics has long been a game of intricate chess, with power blocs rising and falling, forging alliances, and pushing their agendas. The current climate of international relations and global conflict – a setting that one Indian analyst boldly labels as the onset of World War III – presents us with a thought-provoking question: What would happen if the BRICS…

    Article 2023年8月8日
  • South American countries to back away from the USD

    TL;DR Breakdown Brazilian President Luiz Inácio Lula da Silva has proposed a revival of the Union of South American Nations (Unasur) to strengthen regional economic integration. Lula urges the creation of regional monetary units, reducing reliance on external currencies like the US dollar. As the global economy continues its dance with uncertainty, South America is poised to carve its own financial destiny. Leading the charge is Brazilian President, Luiz Inácio Lula da Silva, who is calling upon regional counterparts to revitalize the Union of South American Nations (Unasur). The aim is to foster financial independence, creating regional monetary units that lessen the reliance on extra-regional currencies, such as the US dollar. A shared monetary vision In the inaugural speech at the South American summit held in Brazil, Lula emphasized the importance of collective strength in tackling modern geopolitical challenges and the intricacies of the global economy. He stressed the need to tap into South America’s shared identity and integrate it into the monetary arena. The proposed solution involves more efficient compensatory mechanisms and the conception of a common trade reference…

    Article 2023年6月5日
TOP