Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Cryptos

FBI exposes North Korean hackers behind Axie Infinity crypto thefts

The Lazarus Group has stolen about $1.75 billion worth of cryptocurrency in recent years.

Olumide Adesina by Olumide Adesina
April 15, 2022
in Cryptos
DeFi exploit: Hackers steal $611 million from Poly Network
Share on FacebookShare on TwitterShare on Linkedin

In a recent heist linked to Pyongyang, the FBI on Thursday accused hackers associated with Pyongyang of stealing more than $600 million in cryptocurrency from a video gaming company last month.

The FBI said in a statement that it was able to confirm that two cyber actors associated with the Democratic People’s Republic of Korea committed the theft of $620 million in Ethereum reported on March 29th, the Lazarus Group and APT38.

In the FBI report, they mention an attack on a computer network that was used by video game Axie Infinity, where players could earn cryptocurrency. Axie Infinity’s creator, Sky Mavis, announced on March 29 that it had been hacked on March 23 to steal the equivalent of roughly $600 million – at the time of the discovery – from a “bridge,” which allows users to send crypto from one blockchain to another.

RelatedPosts

Top 5 cryptocurrencies to watch in June 2022

This is Bitcoin’s worst quarter in 11 years

  • A broad group of hackers suspected of working for North Korea has been sanctioned by the US Treasury Department. Axie Infinity hacker used the Treasury’s sanctioned “wallet,” or cryptic address, to withdraw funds from the hack.
  • As North Korea’s leader, Kim Jong Un, has continued to pursue nuclear weapons for years, cyberattacks have become an important source of revenue for the regime, according to a United Nations panel and outside cybersecurity experts.
  • North Korea fired a ballistic missile last month believed to be its first in four years.
  • According to Chainalysis, a firm that tracks digital currency transactions, Lazarus Group has stolen about $1.75 billion worth of cryptocurrency in recent years.

According to Ari Redbord, head of legal affairs at TRM Labs, an investigative firm that investigates financial crime, “a hack of a cryptocurrency business is like bank robbery at the speed of the internet. As long as they’re profitable and successful, they won’t stop.”

Due to the war in Ukraine, many analysts have been focusing their attention on Russian hacking. However, suspected hackers from North Korea have been quite active.

Researchers at Google revealed last month that North Korea has conducted two separate hacking campaigns targeting United States media, information technology and cryptocurrency companies. Google notifies users whose accounts have been infiltrated by state-sponsored hackers.

Related

Tags: Axie InfinityFBI

Comments 1

  1. Karen Anthony says:
    April 16, 2022 at 5:38 pm

    The policy behind digital currency makes it almost practically impossible to get your stolen coins from hacker or the one you sent to scammers, this is because of the decentralize systems of it however it’s still 100% possible if an expert help you track it down, and that was exactly how I got my lost bitcoin back when I taught I lost it all. I came across minerrobbertt @ g mailcom he’s a genius who had helped a lot of people out, I gave him a try and the outcome was great! All my bitcoins was recovered into my wallet within some days. Even if you successfully use public ledgers to trace the currency, since most cryptocurrency is decentralized there aren’t many routes you can follow to get it back. Thank you Robert I’m highly indebted

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Nigeria’s BlackHouse Media ranked number 3 agency in Asia pacific, middle east, and Africa
    • Nigerian Exchange suspends Royal Exchange, C&I Leasing, 7 others for default in audited financial statements
    • NGX closes flat as market capitalization grows slightly by over N6 billion

    Follow us on social media:

    Recent News

    Nigeria’s BlackHouse Media ranked number 3 agency in Asia pacific, middle east, and Africa

    Nigeria’s BlackHouse Media ranked number 3 agency in Asia pacific, middle east, and Africa

    July 1, 2022
    FBN Quest, Cordros, Apel lead best performing stockbroking firms in October 2021

    Nigerian Exchange suspends Royal Exchange, C&I Leasing, 7 others for default in audited financial statements

    July 1, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com