North Korea's Lazarus Group Hacks Bitcoin Worth $40 Million

A massive Bitcoin hack by a North Korean hacker group came to limelight with new data. This came following the news of Mixin Network, a decentralized exchange (DEX), was reported to have faced a $40 million worth of crypto hack.

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Lazarus Group Bitcoin Hack

It has been reported that Dune, a blockchain ecosystem analytics platform, has shown a $40 million holdings in possession with the Lazarus Group. However, it is not clear as to whether the BTC held is accounted for the Group’s previous hacks or a fresh attack. Earlier, CoinGape reported that Mixin Network, which offers support to 48 public blockchain networks, faced an attack with $200 million worth crypto assets compromised.

Hacking Spree

The same group of hackers was involved in the $100 million hack of the Horizon bridge in June 2023. Earlier, CoinGape reported that the Lazarus Group was closely associated with North Korea’s intelligence agency. In an incident as recent as September 15, 2023, the Lazarus Group targeted the Remitano cryptocurrency exchange which saw a hack of around $2.7 million. The group is turning out to be a major threat to the integrity of the crypto ecosystem, with it amassing around $240 million in the space of just 104 days.

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Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

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