Crypto platforms’ vulnerability to scams has been the emphasis over the past few months, with the sector reporting several major incidents since H1 2024. The global crypto sector has taken measures to enhance security in the recent past amid rising scams. Notably, in the last 24 hours, on-chain analyst ZachXBT
Bitcoin layer-2 developer Alex Lab, which was affected by a $4 million hack in May, has revealed suspicions that the notorious North Korean hacking group Lazarus may be behind the exploit. Today, Alex Lab identified three wallet addresses used by the attackers to siphon funds from their decentralized finance (DeFi)
In a scenario akin to a James Bond movie, North Korean hackers have outsmarted the globe. Within five years, they have stolen $3 billion in cryptocurrencies. Notably, this digital bonanza funds half of North Korea’s missile program, reports the Wall Street Journal. Their tactics, however, are far from common cyber-thievery.
Binance, the world’s largest crypto exchange, has responded to the U.S. Treasury seizing $4.4 million and freezing accounts linked to North Korean crime. We are proud to have assisted US law enforcement in seizing $4.4M and freezing accounts linked to North Korean organized crime. Kudos to our law enforcement partners
On Tuesday, a White House representative in Washington said that the cyberattacks and money theft over cryptos have been funding the North Korean Missle program. Undoubtedly, over 50% of the program is been funded so far. Meanwhile, the White House is the place where the US President and their belongings
According to the report by the United Nations (UN), North Korea has allegedly stolen $1 billion worth of cryptocurrency assets in a year. The report, states that North Korea using cyberattacks to target cryptocurrency exchanges and financial institutions to obtain digital assets. The report states that these attacks are part
The US Federal Bureau of Investigation (FBI) has revealed the chief culprits of Harmony’s Horizon Bridge Hack. It confirmed two notorious cyber actor groups – Lazarus Group and APT-38, as the responsible agents of the $100M theft in the January 23 press release. Reportedly, these two groups are known to
There have been over 15 verified cases of crypto crime nationwide, with a conservative estimate of $1.59 billion in revenues. No one knows how much North Korea contributes to global crypto crime, but the report claims that DPRK’s cyber operation is extensive and well-organized. North Korea ranks at the top
It’s a merry-go-round when it comes to crypto based cyber crimes and hacks. On one side the security based technologies are on a constant development and research and bringing out new advanced security systems for the blockchains. On the other hand, the dark world of hacks and cyber crimes profusely
The United States and others reported nine ballistic missile launches on Friday. North Korea carried out at least seven cyberattacks on crypto platforms last year. North Korea continued to expand its nuclear and ballistic missile programs in the previous year. According to an extract of a classified United Nations report
