Who Are The North Korean Hackers Behind The $625 Million Crypto Theft? | Forbes

The U.S. Treasury Department has linked North Korean hacking group Lazarus to the recent theft of $625 million worth of cryptocurrency from the Ronin Network, an Ethereum-compatible blockchain tailored for the popular play-to-earn game Axie Infinity.

The hackers infiltrated the network last month, stealing about 173,600 ether, according to the Ronin Network, and 25.5 million USDC (a digital asset pegged to the value of the U.S. dollar and available on multiple blockchains including Ethereum and Solana). Blockchain analytics firm Elliptic says the group has managed to launder 18% of the stolen funds and continues to do so via Tornado Cash, a service that allows users to obfuscate their digital trails.

So what do we know about the culprits?

The Lazarus cyber collective has operated for more than 10 years with the North Korean government’s blessing, gaining notoriety for its attack on Sony Pictures in 2014 and an $81 million heist on the Central Bank of Bangladesh.

Read the full story on Forbes: https://www.forbes.com/sites/ninabambysheva/2022/04/15/who-are-the-hackers-behind-625-million-crypto-theft/?sh=71c94c2d4b30

Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1

Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!