🛑 THE LARGEST HACK TILL DATE 🛑
the largest cryptocurrency hack to date, in which North Korean hackers known as the Lazarus Group stole $625 million from Ronin's network. The hackers used compromised private keys to gain access to the validator nodes and faked withdrawals. The FBI and US Treasury Department have sanctioned three wallets linked to the Lazarus Group and APT38, and Chainalysis has determined that one of these wallets was used in the Ronin attack. Binance has returned $5.8 million in stolen funds, but the hackers remain at large. The Lazarus Group is a cybercrime group that has been active since 2009 and is motivated by political and economic gain for the Democratic People's Republic of Korea, rather than financial gain.
- Largest cryptocurrency hack to date: $625 million stolen from Ronin's network
- Hackers: Lazarus Group, a North Korean government-backed cybercrime group
- Method: Compromised private keys used to gain access to validator nodes and fake withdrawals
- FBI and US Treasury Department sanctioned three wallets linked to Lazarus Group and APT38
- Chainalysis determined that one of these wallets was used in the Ronin attack
- Binance returned $5.8 million in stolen funds
- Hackers remain at large
- Lazarus Group motivated by political and economic gain for DPRK, rather than financial gain.
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