• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
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.

RelatedStories

FBI: US lost $65 million in 2 years due to sextortion crimes attributed to Nigerians 

FBI: US lost $65 million in 2 years due to sextortion crimes attributed to Nigerians 

April 25, 2025
FBI, IRS uncover 2 Nigerians, others linked to a $50 million U.S. fraud case 

FBI, IRS uncover 2 Nigerians, others linked to a $50 million U.S. fraud case 

March 24, 2025
  • 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.


Follow us for Breaking News and Market Intelligence.
Tags: Axie InfinityFBI
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

FBI: US lost $65 million in 2 years due to sextortion crimes attributed to Nigerians 
Business News

FBI: US lost $65 million in 2 years due to sextortion crimes attributed to Nigerians 

April 25, 2025
FBI, IRS uncover 2 Nigerians, others linked to a $50 million U.S. fraud case 
Business News

FBI, IRS uncover 2 Nigerians, others linked to a $50 million U.S. fraud case 

March 24, 2025
Crypto exchange Bybit loses $1.4 billion to hackers in largest crypto theft 
Cryptos

FBI accuses North Korea of $1.5 billion crypto heist from Bybit 

February 27, 2025
FBI investigates $5 million romance scam schemes
Crime and Insecurity

FBI investigates $5 million romance scam schemes

November 19, 2024
Polymarket CEO reacts after FBI raids New York home, seizes his phones  
Cryptos

Polymarket CEO reacts after FBI raids New York home, seizes his phones  

November 14, 2024
FBI arrests Nigerian, Abidemi Rufai for $350,000 Covid-19 unemployment benefits fraud
Cryptos

FBI seizes $6m from crypto scammers targeting US citizens  

September 29, 2024
Next Post
Abbey Mortgage Bank Plc appoints Mr. Mobolaji Adewumi as acting Managing Director

Abbey Mortgage Bank Plc appoints Mr. Mobolaji Adewumi as acting Managing Director

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 *

Emple
nlng
first bank








DUNS

Recent News

  • Key policies that shaped Nigeria’s tech industry under Buhari’s 8-year rule 
  • Investing in a volatile world: Strategies for Gen Zs, millennials, and retirees
  • TikTok removes over 3.6 million Nigerian videos in Q1 2025  

Follow us on social media:

Recent News

Key policies that shaped Nigeria’s tech industry under Buhari’s 8-year rule 

Key policies that shaped Nigeria’s tech industry under Buhari’s 8-year rule 

July 15, 2025
Investments

Investing in a volatile world: Strategies for Gen Zs, millennials, and retirees

July 15, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics