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Indodax, Indonesia's largest crypto exchange, was hacked for $22 million, leading to service shutdowns and raising concerns about security in the crypto industry. (Read More)
Blockchain forensics firm Elliptic told Cointelegraph that specific patterns and techniques in the WasirX attack led them to believe North Korean hackers were behind the incident.
Kraken blocked a North Korean hacker posing as a job applicant, revealing fake identities and voice fraud.
ZachXBT flagged seven wallet addresses with $61 million in Bitcoin connected to the Lazarus hacking group.
A UN report reveals North Korean hackers laundered $150 million in stolen crypto assets through Tornado Cash in March 2024.
Here's the latest threats coming from the notorious hacking group.
Blockchain intelligence platform SpotOnChain reported that North Korea’s state-backed hacking group, Lazarus, has pocketed over $2.5 million in profit from a recent sale of wrapped Bitcoin (WBTC). On April 3, the group sold 40.78 WBTC for 1,857 ETH, worth roughly $3.51 million. The sale marks a sharp return on their February 2023 investment, when they […]
The post North Korean hackers net $2.5 million profit after WBTC sales appeared first on CryptoSlate.
The notorious Lazarus Group from North Korea has allegedly earned $2.51 million by selling 40.78 Wrapped Bitcoin that they bought two years ago. According to SpotOnChain data, a wallet linked to the North Korean hacker group Lazarus recently sold 40.778 Wrapped Bitcoin for 1,847 Ethereum, which is worth $3.51 million. After the transaction, 2.507 ETH […]
Two fake US companies were used by North Korean cyber spies to deploy malware targeting cryptocurrency developers under false hiring pretenses.
A North Korean state-sponsored hacking group, Lazarus, is advancing its tactics with a more polished and deceptive approach. A report by cybersecurity firm Silent Push revealed that the group has set up fake US-based crypto companies to distribute malware disguised as job opportunities. According to the report, a Lazarus subgroup called “Contagious Interview” is behind […]
The post North Korean hackers used fake crypto firms to deliver malware in job scams appeared first on CryptoSlate.
Recently, the crypto market fluctuations have seen most cryptocurrencies exhibit red numbers. While many remain unfazed by the market dynamics, some sectors of the crypto community have turned more pessimistic, and their bags are seemingly going down instead of up. Related Reading: Are Altcoins Cooling Off? Analyst Weighs In On This Cycles Market Despite this, some projects have shown a remarkable performance this week. Among the top gainers today, privacy protocol Railgun has skyrocketed 53% in the last 24 hours after a week of support from crucial figures in the crypto industry. Vitalik Buterin Shows Support To Privacy Tools On Monday, news broke that Ethereums founder Vitalik Buterin had transferred 100 ETH, worth around $325,000, to Railgun. The project is an Ethereum Virtual Machine (EVM) privacy protocol that allows DeFi private transactions. Although the move raised criticism, most replies supported his use of privacy tools. Some users pointed out that Buterins every on-chain move is watched and speculated on. Ethereums founder later addressed the news, expressing support for the project’s use of the Privacy Pools protocol, which makes it much harder for bad actors to join the pool without compromising users’ privacy. Privacy is normal. Railgun uses the privacy pools protocol ( https://t.co/DekkatsMR5 ) which makes it much harder for bad actors to join the pool without compromising users' privacy.https://t.co/MG0huDzpAu — vitalik.eth (@VitalikButerin) April 15, 2024 Buterin also stated in his post that privacy is normal, an idea he has expressed several times before. He has researched the use of Privacy Pools to achieve an equilibrium between blockchain privacy and regulatory compliance. After the post, Railgun (RAIL) skyrocketed 257%. The token went from trading at $0.56 to changing hands for $1.97 in a few hours. Moreover, the rest of the privacy tokens market saw a pump, with tokens like Monero (XRM) and Oasis Network (ROSE) rising 7% and 12.3%, respectively. As of this writing, privacy tokens are 4.7% up, per CoinGecko data. Railgun Defends From Crypto Laundering Allegations On Tuesday, the crypto news platform Wu Blockchain highlighted the alleged links between the privacy protocol and the North Korean hacker group Lazarus Group. The post affirmed that Lazarus Group is also a user of the coin mixer Railgun. Moreover, the news platform pointed out that, in January 2023, the US FBI claimed over $60 million worth of stolen ETH was laundered through Railgun. Additionally, the post stated that the privacy protocol became the main alternative after the Tornado Cash sanctions. Railgun shut down Wu Blockchains claims, deeming them not true and false reporting. The post stated the news was a mistaken, false allegation in the first place. However, they clarified that the Lazarus Group is blocked from using the protocols system due to the Private Proofs of Innocence (Private POI). The Private POI tool was implemented a year ago and gives cryptographic assurance that funds entering the RAILGUN smart contract are not from a known list of transactions or actors considered undesirable by respective wallet providers. Congratulations to the exchange website @Poloniex who since yesterday are serving spot markets for $RAIL token! pic.twitter.com/P1RL8bKWsZ — RAILGUN – Private & Anonymous DeFi (@RAILGUN_Project) April 19, 2024 Despite the controversy, the price of RAIL remained above the $1 support level, hovering between $1.00 and $1.30 in the following days. RAIL continued an upward trajectory after its listing on the crypto exchange Poloniex. At writing time, RAIL is trading at $1.85, an 18.2% surge in the last hour. According to an X user, a whale recently bought 152,034 RAIL tokens, which could have fueled the price jump. Moreover, following its remarkable week, RAIL has increased 156% in the last seven days, with its daily trading volume rising a stellar 376% from yesterday. Related Reading: Bitcoin Halving Hysteria: Will History Repeat Itself Or Are We Heading For A Market Meltdown? Railgun performance in the 7-day chart. Source: RAILUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
eXch plans to shut down operations but refutes allegations of its role in laundering funds from February's Bybit hack.
BayaniChain CEO Paul Soliman explains how the $1.46 billion Bybit hack was a textbook social engineering attack, not a blockchain failure.
Learn how North Koreas Lazarus Group stole billions using phishing, malware, and social engineering.
A UN report reveals that North Korean hackers have stolen over $3B in crypto to fund the DPRK's weapons programs.
The United Nations has sounded an alarm, highlighting a disturbing correlation between North Korea and cyber-attacks, with cryptocurrency emerging as a favored tool in their arsenal. According to a report cited by the South Korean Yonhap news agency, North Korea derives over 50% of its foreign currency through cybercrime, with cryptocurrency hacking alone contributing a […]
North Korea's Lazarus Group has reportedly resumed laundering stolen cryptocurrency through Tornado Cash, circumventing international sanctions. (Read More)
Blockchain analytics firm Elliptic revealed that the North Korea-backed hacker group Lazarus is once again using sanctioned crypto mixer Tornado Cash to obfuscate its transactions. Last year, the group ceased using the crypto mixer after US government sanctions, which were imposed due to allegations of aiding criminals in laundering illegally obtained digital assets. Following the […]
The post Hackers like Lazarus continue to use Tornado Cash despite US sanctions appeared first on CryptoSlate.
Lazarus Group, linked to North Korea, continues to launder crypto by moving different tokens and using fresh malware to attack developers and steal digital assets. On March 13, a blockchain security company, CertiK shared a post on their X account stating that they detected a deposit of 400 ETH, which is valued at about $750,000, […]
CoinsPaid said it is now working with Estonian law enforcement and several blockchain security firms are assisting to minimize the impact of the July 22 exploit.
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