FBI Links North Korean Lazarus Group to $41 Million Stake Casino Hack

FBI Links North Korean Lazarus Group to $41 Million Stake Casino Hack


Total Loss of $41.35 Million from Recent Hacking Incident

According to blockchain security corporations, 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 (ETH), $7.8 Million on Polygon, and another $17.8 Million from Binance Smart Chain.

Regardless of this, Stake, the platform influenced 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 Cryptocurrency Hackers

Lazarus Group is known as one of the largest criminal organizations involved in crypto-related crimes. It is believed that they have been in charge of numerous major hacks, with some of the stolen funds allegedly being used to finance North Korea’s nuclear weapons and ballistic missile program.

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One of their most notable hacks was the Ronin bridge attack on Axie Infinity, which the United States Treasury Department and FBI have attributed to the Lazarus Group.

Hot Take

The recent hacking incident outlines the ongoing security challenges in the digital currency industry. It serves as a reminder for individuals and platforms to prioritize cybersecurity measures to protect themselves and their assets from probable threats.

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Author – Contributor at | Website

Wyatt Newson emerges as a luminary seamlessly interweaving the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the dynamic canvas of digital currencies, Wyatt’s insights resonate like vibrant brushstrokes, capturing the attention of curious minds across diverse landscapes. His ability to untangle intricate threads of crypto intricacies harmonizes effortlessly with his editorial mastery, transmuting complexity into a compelling narrative of comprehension.

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