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 Ethereumย (ETH), $7.8 Million on Polygon, and another $17.8 Million from Binance Smart Chain.
Regardlessย 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 isย known as one of the largest criminal organizations involved in crypto-related crimes. It is believed that they have been inย chargeย of numerous major hacks, with some of the stolen funds allegedly being used to finance North Koreaโs nuclear weapons and ballistic missile program.
One of their most notable hacks was the Ronin bridge attack on Axie Infinity, which the Unitedย States Treasury Department and FBI have attributed to the Lazarus Group.
Hot Take
The recent hacking incident outlines the ongoing security challenges in the digitalย currency industry. It serves as a reminder for individuals and platforms to prioritize cybersecurity measures to protect themselves and their assets from probable threats.
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.
