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North Korea’s Serial Crypto Hackers Possess Bitcoin Worth $40 Mln

North Korean hacker group Lazarus continued the hacking spree with it just leading a massive Bitcoin hack worth $40 million.
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North Korea’s Serial Crypto Hackers Possess Bitcoin Worth $40 Mln

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.

Also Read: Ripple Proper Party, Gary Gensler Hearing: Key Crypto Events This Week

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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.

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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.

Also Read: Long-term Bitcoin Hodlers Now Own Over Half the Circulating Supply: Report

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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 anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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