MistTrack Uncovers Connection Between Crypto Incidents and Lazarus Group
MistTrack, a leading crypto tracking and compliance platform, has uncovered potential connections between a series of incidents involving CoinsPaid, AtomicWallet, and Alphapo. Here are the key points:
1. The notorious Lazarus Group, a cybercrime group believed to be based in North Korea, is suspected to be behind these incidents.
2. Alphapo, a prominent payment processor for gambling services, reported a loss of over $23 million in cryptocurrencies due to a compromised hot wallet. The total amount stolen is now estimated to be $60 million.
3. Atomic Wallet, a noncustodial decentralized wallet, reported losses of over $100 million. This attack compromised approximately 5,500 crypto wallets.
4. MistTrack’s investigation revealed a connection between the Atomic Wallet hackers and the address TNMW5iEH7CCudMTGFJA9Ch6KSf6J3hAJem.
5. The findings align with the suspicions of crypto enthusiasts @ZachXBT and @onchainsnoop, who pointed out similarities in laundering patterns and suggested the involvement of the Lazarus Group.
MistTrack encourages anyone with additional information to come forward and help piece together the puzzle. While a full recovery of the stolen funds may be unlikely, every clue could potentially aid in reclaiming a portion of the funds.
Hot Take:
The connection between the Lazarus Group and these major crypto incidents is concerning for the crypto community. It highlights the need for increased security measures and vigilance in the industry. The involvement of such a notorious cybercrime group raises questions about the overall safety of cryptocurrencies and the ability to protect funds from sophisticated attacks.
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