Synopsis
North Korean hackers from the group Lazarus were responsible for stealing over $100m of digital currency from more than 5,500 users of the Atomic Wallet service. Cryptocurrency analytics firm Elliptic revealed in a blog post that this was the group’s largest digital attack since stealing circa $100m worth of digital coins from an American cryptocurrency firm in 2021. The FBI, organisations and other cryptocurrency users worldwide are wary of the group’s activity and say that they have been stealing cryptocurrency and largesse for years to fund Pyongyang’s sanctioned nuclear and missile programmes.
North Korean hackers stole more than $100 million worth of digital currency in a recent heist affecting users of the Atomic Wallet service, cryptocurrency analytics firm Elliptic said Tuesday.
In a blog post, Elliptic said that more than 5,500 digital wallets were hit by the hackers, who the firm said were part of the North Korean cybercrime gang often called Lazarus.
North Korea’s mission to the United Nations in New York did not immediately respond to a request for comment, although Pyongyang has in the past denied carrying out digital thefts. Atomic Wallet did not immediately return messages seeking comment.
The company, which says it is based in Estonia, has previously said that it “received reports of wallets being compromised” and that it hired another cryptocurrency analytics firm, Chainalysis, to investigate the incident and track down stolen funds. Chainalysis declined comment.
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View Details » Lazarus has been blamed for a series of brazen thefts targeting cryptocurrency users and organizations. Elliptic said the one that targeted users of Atomic Wallet was the biggest since the hackers allegedly stole around $100 million worth of digital coins from a tool developed by the U.S. cryptocurrency firm Harmony last year.
Earlier this year, the United Nations reported that North Korea had stolen more cryptocurrency assets in 2022 than in any other year. International monitors have said that the stolen money has been pumped into North Korea’s sanctioned nuclear and missile programs.
The FBI did not immediately respond to a request for comment on the latest theft. Estonian police officials did not immediately respond to an email sent after hours.
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