The FBI Believes North Korea’s Lazarus Group Was Responsible for the $41 Million Stake Hack

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Last Updated on September 8, 2023 by Bitfinsider

According to a statement made by the FBI on Thursday, the Lazarus Group, a North Korean hacker organisation, was responsible for stealing $41 million in digital assets from the crypto casino Stake this week.

The Drake-backed gaming company, which initially labelled a flurry of linked transactions as “unauthorised transfers,” alerted users Monday, shortly after the hack, that a Stake-led investigation was underway.

The FBI shared the results of its own investigation, including addresses for dozens of digital wallets allegedly containing stolen digital cash. According to the FBI, Lazarus Group moved cryptocurrency through the Bitcoin, Ethereum, Polygon, and Binance Smart Chain networks.

The digital fingerprints of the attackers link the Lazarus Group attack to other recent heists, including as a $100 million loss from Atomic Wallet in June and a $60 million robbery from projects Aplhapo and CoinsPaid in July, according to the agency.

North Korea’s Lazarus Group has become a thorn in the side of numerous cryptocurrency initiatives in recent years. Elliptic, a crypto analytics business, reported in June that the Lazarus organisation had stolen more than $2 billion in digital assets across various thefts.

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