North Korea’s Lazarus behind $41 million crypto theft from betting platform: FBI

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North Korea’s Lazarus behind $41 million crypto theft from betting platform: FBI

Authorities’ response just two days after heist limits attackers’ options for converting stolen assets, expert says

Shreyas Reddy September 8, 2023

North Korea’s Lazarus behind $41 million crypto theft from betting platform: FBI

Illustration of a man's hand at a casino's roulette wheel

The FBI attributed a $41 million cryptocurrency heist earlier this week to North Korea’s Lazarus Group, the cybercrime syndicate behind a recent wave of multi-million dollar thefts.

The U.S. intelligence agency stated in a press release Wednesday that the group moved funds stolen from online casino and betting platform Stake.com into 33 virtual currency addresses linked to Bitcoin, Ethereum, Binance Smart Chain (BSC) and Polygon networks.

About the Author

Shreyas Reddy

Shreyas Reddy is a correspondent at NK News, based in Seoul. He previously worked as a researcher at BBC Monitoring, where his work focused on news and key people and organizations from the Korean Peninsula, Japan, Southeast Asia and the Pacific. Follow him on Twitter.

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