The FBI Attributes Stake Hack to Lazarus Group
The US Federal Bureau of Investigations (FBI) has identified the Lazarus Group, a North Korea-sponsored hacking syndicate, as the perpetrator behind the recent attack on the cryptocurrency sports betting and casino platform, Stake. The hack resulted in a loss of over $41 million in crypto assets for the gambling firm.
Lazarus Group’s Involvement in Stake Hack Confirmed
The FBI conducted an investigation into the Stake hack and revealed that the Lazarus Group was responsible for the attack. The agency provided a list of cryptocurrency wallet addresses where the stolen funds were sent. The FBI urged private sector entities to review the cyber security advisory on TraderTraitor and remain vigilant against transactions involving those addresses.
Continued Attacks by Lazarus Group
Lazarus Group has been linked to various major hacks in the crypto industry. According to the FBI, the North Korean hackers have stolen approximately $200 million in cryptocurrencies in 2023 alone. Previous targets include Estonian crypto payments platform CoinPaid, which experienced a $37.3 million theft in July. The FBI had previously warned about Lazarus Group’s possible sale of 1,580 BTC held in six different Bitcoin wallet addresses.
Hot Take
The identification of Lazarus Group as the perpetrator behind the Stake hack highlights the ongoing threat of cyber attacks on crypto platforms. It is crucial for individuals and organizations to prioritize strong cybersecurity measures to safeguard their digital assets. The involvement of state-sponsored hacking groups like Lazarus Group underscores the need for international cooperation and collaboration to combat cybercrime in the crypto space.
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