FBI: North Korean hackers set to pocket $40M from stolen crypto.

North Korean Hackers Target ⁢$40 Million in Bitcoin

The world of cryptocurrency‌ is ⁢once again under attack, with North Korean hackers⁣ setting their sights on cashing⁣ out over $40 million worth of bitcoin. This latest⁤ criminal ⁢effort is believed to be connected to the notorious Lazarus Group and APT38, both affiliated with North Korea.

Earlier ⁣this year, these groups were responsible for a series of high-profile cryptocurrency hacks. Notable incidents include a $60 ⁢million theft from payment ⁢processor Alphapo and the pilfering of $100 million​ in assets‌ from crypto company Atomic Wallet.

The FBI ‌has identified six crypto wallets‌ that currently hold⁣ a total of $41 million ​in stolen assets. In a ⁢bid to prevent further damage, the bureau has urged crypto companies ‌to avoid ‌any interaction with these wallets, as ‌they suspect the hackers will attempt to cash out the stolen ⁣assets through ​them.

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In a statement, the FBI declared, “The DPRK’s⁣ use of illicit⁢ activities, including cybercrime and virtual currency theft, to generate revenue for‌ the regime will continue​ to be exposed and combated.”

This is not‌ the ‌first time Lazarus and APT38 have been‍ implicated in cryptocurrency ‌hacks. In January, the​ bureau confirmed‌ that Lazarus ‍was responsible for the theft ​of $100 million⁢ worth of ethereum from⁢ the crypto bridge Harmony. Crypto bridges serve​ as⁢ a means to transfer‍ cryptocurrencies between ​different networks.

It ‍is worth noting that the Treasury Department has already sanctioned at least one crypto protocol for aiding Lazarus in their⁢ illicit activities.

According to⁤ TRM Labs, a ⁢blockchain intelligence company, North Korean hackers have managed to steal over $2 billion in ⁤cryptocurrency since 2018.

Click here to read more ⁢from The Washington Examiner.

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