Alex Lab, which develops the bitcoin-based DeFi blockchain protocol, said that Lazarus Group, a notorious North Korean cybercrime group, orchestrated a recent cyberattack that resulted in the loss of 4.3 million people.
The discovery was made possible after a comprehensive research conducted by #Alex Lab's team of experts in collaboration with independent #blockchain researcher ZachXBT.
On Tuesday, #Alex Lab announced on social media that it has discovered 3 wallets involved in the exploits, all belonging to notorious North Korean hackers. These hackers are rumored to be supported by the North Korean government and have a number of exploits and scams on their record.
The company said that with the help of ZachXBT, it has been able to gather enough evidence to link the hackers to attacks on the platform that took place in 2024-5-15.
After a thorough forensic analysis and investigation supported by blockchain analyst @Zachxbt, who provided significant assistance in tracking transactions, the attack was identified by the Lazarus team.
The exploit resulted in a ¥30 million theft, including ¥330 million worth of bitcoins (BTC), ¥75,000 worth of stable coins, and ¥4,430 worth of Sugar Kingdom tokens (SKO).
At the time of the attack, Alex Foundation, the non-profit organization that runs the platform, said it had identified the attacker and offered a 90% reward in exchange for returning 10% of the stolen funds. The organization has set a deadline for the person responsible of 18/05.
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