The Bybit CEO is launching a new initiative that calls on the crypto community to help retrieve digital assets stolen by a notorious group of North Korean hackers. Ben Zhou, Bybit’s co-founder and CEO, says on the social media platform X that they have launched a bounty program website to target the Lazarus Group after […]
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The perpetrators of the largest crypto heist in history have reportedly moved a large portion of the stolen funds without significant risks. On February 21st, the crypto exchange ByBit suffered large losses when a malicious actor believed to be the North Korean government-backed Lazarus Group breached one of its Ethereum (ETH) cold wallets and siphoned […]
The post Bybit Hackers Launder $335,000,000 in Ethereum (ETH) With ‘No Friction, No Risk’: Report appeared first on The Daily Hodl.
The chief investment officer of crypto asset management firm Bitwise says the industry needs a new selling point now that memecoins are losing mindshare. In a new interview with crypto influencer Scott Melker, Bitwise CIO Matt Hougan says that North korean hacking group Lazarus attempting to launder funds from the Bybit hack through memecoin platform […]
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The Lazarus Group has laundered stolen crypto from last week’s record-shattering Bybit hack through the exchange eXch, according to the blockchain research firm Elliptic. Hackers looted nearly $1.5 billion worth of Ethereum (ETH) and Lido Staked Ether (stETH) from Bybit on Friday. The attack represented the largest crypto hack ever and possibly the biggest heist […]
The post Elliptic Says Lazarus Group Using eXch To Launder Stolen Funds Despite Requests From Bybit To Block Transactions appeared first on The Daily Hodl.
The chief executive of the crypto exchange Bybit is assuring customers that the firm can meet all withdrawal requests following a massive cybersecurity incident. On Friday, Bybit witnessed a major security breach that allowed thieves to siphon $1.4 billion worth of Ethereum (ETH) and stETH from the exchange’s cold wallet. Coinbase executive Conor Grogan calls […]
The post Bybit CEO Says Crypto Exchange Is Solvent, All User Assets Backed 1:1 Following ‘Largest Heist of All Time’ appeared first on The Daily Hodl.
The sanctioned agents were allegedly generating funds for North Korea’s nuclear weapons development program.
North Korean hackers are being pursued by governments worldwide that blame them for more than half of the value of cryptocurrency stolen during 2024.
Hackers like the infamous Lazarus Group are prime suspects in some of the most notorious cyber thefts in Web3, including the $600 million Ronin network hack.
South Korea is the latest country to impose sanctions against 15 North Korean IT organization members and one related group.
A North Korean threat actor was behind the $50 million attack on Radiant Capital in October and spoofed being an ex-contractor, the DeFi platform said.
Radiant Capital has said a $50 million hack on its decentralized finance (DeFi) platform in October was carried out through malware sent via Telegram from a North Korea-aligned hacker posing as an ex-contractor.
Radiant said in a Dec. 6 update of the ongoing investigation that its contracted cybersecurity firm Mandiant has assessed “with high-confidence that this attack is attributable to a Democratic People’s Republic of Korea (DPRK)-nexus threat actor.”
The platform said a Radiant developer received a Telegram message with a zip file from a “trusted former contractor” on Sept. 11 asking for feedback on a new endeavor they were planning.
The government of North Korea (DPRK) has reportedly employed various hacking groups, most notably the Lazarus Group, to seal crypto in recent years.
Hackers with ties to the North Korean government have reportedly expanded social engineering scams designed to steal cryptocurrencies by infiltrating “hundreds” of large, multinational information technology firms.
According to an article from TechCrunch, researchers at the Cyberwarcon cybersecurity conference identified two North Korean hacker groups called “Sapphire Sleet” and “Ruby Sleet.”
Sapphire Sleet targeted individuals through fraudulent employment schemes by posing as legitimate recruiters and luring unsuspecting victims into interviews or other offers of employment. The hackers would then infect the users’ computers with malware disguised as picture-document files (PDFs) or malicious links at some point during the interview process.
According to cybersecurity firm Recorded Future, North Korean hacker groups have stolen approximately $3 billion in funds since 2017.
BlueNoroff, the infamous North Korean hacker group responsible for a string of phishing and cybersecurity attacks since 2019, is targeting crypto firms with a new malware that attacks MacOS computers.
According to a report from SentinelLabs, the malware operation nicknamed “Hidden Risk” is spread through PDF files in multiple stages. The threat actors use fake news headlines and legitimate crypto market research to lure in unsuspecting individuals and companies.
Once the user downloads the PDF file, a seemingly legitimate decoy PDF is downloaded and opened, while the malware downloads as a separate file on the MacOS desktop in the background.
Ethereum co-creator Vitalik Buterin is donating 100 ETH to bolster the legal defense fund of Tornado Cash developer Roman Storm. In a new thread on the social media platform X, Storm – who helped launch the anonymous ETH-based crypto mixing protocol in 2019 – expresses his gratitude to Buterin for his continued support. “I can’t […]
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