๐จ๐จNorth Korean Hackers Lazarus Group Stolen $3B in Cryptocurrency๐จ๐จ
๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ The hacker group stole the funds over the last six years, which was likely used to fund the country's projects, a report said.
(Soohwan Oh, CoinDesk Korea)ย - North Korea-linked hacker organization Lazarus Group hasย stolen $3 billionย in cryptocurrency over the past six years, according to aย reportย by cybersecurity firm Recorded Future.
The report released on Thursday reveals that in 2022 alone, the group plundered $1.7 billion in cryptocurrency, likely to fund North Korean projects.
Blockchain data analysis firm Chainalysis indicates that out of this total, $1.1 billion was stolen from decentralized finance (DeFi) platforms. A September report published by the U.S. Department of Homeland Security (DHS) as part of its Analytic Exchange Program (AEP) alsoย highlighted Lazarus's exploitationย of DeFi protocols.
The U.S. Treasury Department introduced new sanctions against North Korea's cyber activities,ย adding 'Sinbad'ย to the Office of Foreign Assets Control's specially designated sanctions list. Sinbad has been implicated in laundering the cryptocurrencies stolen by the Lazarus Group.
The group is known to have used Sinbad's mixer services to hide the origins of the stolen funds. Such mixers obscure individual transaction trails by blending multiple users' transactions.
Lazarus Group's specialty is fund theft. In 2016, they hacked the Bangladesh Central Bank, stealing $81 million. In 2018, they hacked the Japanese cryptocurrency exchange Coincheck, diverting $530 million, and attacked the Central Bank of Malaysia, stealing $390 million.
$XRP XRP News: SEC Faces Sanctions Amid Legal Battles with Ripple โ Insights and Forecast By:Bob Mason
Published: Dec 2, 2023, 01:42 UTCโข3min
XRP News XRPUSD โ 021223 โ FX Empire The US Courts continue to find fault with the SEC and its quest against the crypto space. Yet, US lawmakers appear unfazed by the negative media.
Key Insights:
XRP gained 1.07% on Friday, ending the session at $0.6129.
SEC gets more bad press from another case against a crypto platform illegally selling securities.
Optimism toward a crypto-spot ETF market drove buyer demand for crypto assets on Friday
On daily timeframe level the price action of FLUX formed out Descending Triangle pattern level where the price action bounced back from its Horizontal Support level marked between the $0.4671 - $0.3886 level
The price action shows teh strength level which can squeezed out its Previous Liquidity Region level