May 29, 2024
News

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

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.

Become a member for less than $4 per week.

  • Unlimited access to all of NK News: reporting, investigations, analysis
  • The NK News Daily Update, an email newsletter to keep you in the loop
  • Searchable archive of all content, photo galleries, special columns
  • Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now

All major cards accepted. No commitments – you can cancel any time.