Total Loss of $41.35 Million from Recent Hacking Incident
According to blockchain security firms, the recent hacking incident resulted in a total loss of approximately $41.35 million. Beosin estimated that the losses include $15.7 million on Ethereum, $7.8 million on Polygon, and another $17.8 million from Binance Smart Chain.
Despite this, Stake, the platform affected by the breach, has not provided any updates or information regarding the incident on its social media channels since issuing an apology on Monday.
Lazarus Group: Infamous Crypto Hackers
Lazarus Group is well-known as one of the largest criminal organizations involved in crypto-related crimes. It is believed that they have been responsible for numerous major hacks, with some of the stolen funds allegedly being used to finance North Korea’s nuclear weapons and ballistic missile program.
One of their most notable hacks was the Ronin bridge attack on Axie Infinity, which the US Treasury Department and FBI have attributed to the Lazarus Group.
Hot Take
The recent hacking incident highlights the ongoing security challenges in the cryptocurrency industry. It serves as a reminder for individuals and platforms to prioritize cybersecurity measures to protect themselves and their assets from potential threats.
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