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.
Did you Know?
S has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of S ’s offerings and reimagine processes for improved business outcomes.
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.
Wednesday, 14 Jun, 2023Experience Your Economic Times Newspaper, The Digital Way!Read Complete Print Edition »
- Front Page
- Pure Politics
- ET Markets
- Smart Investing
Vi Revival Plan Led by ₹14kcr Equity Infusion
Vodafone Idea Ltd (Vi) proposes to infuse a total equity of ₹14,000 crore in the near term as part of its business revival plan, said people with knowledge of ongoing discussions. This will see existing promoters Aditya Birla Group (ABG) and UK’s Vodafone Group Plc infuse half the overall amount, they said.
Crorepati Club at HUL Adds More Members in FY23
As many as 205 managers at Hindustan Unilever Ltd (HUL) took home more than Rs 1 crore in annual salary in FY23, up 25% from 163 in FY22. However, just a third of executives who drew eight-digit salaries were under 40 in FY23, reversing the decade-old trend when half the HUL crore club were people under that threshold.
Dorsey’s Allegations Outright Lies: MoS IT
Top Indian lawmakers strongly refuted claims by Twitter’s former chief executive Jack Dorsey that the government had pressured the microblogging platform to remove certain user accounts during the farmers agitation, with one of them terming the allegations “an outright lie”.