FBI Alerts Crypto Firms Over Hackers’ Plot To Cash Out $40 Million

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The U.S. Federal Bureau of Investigation (FBI) said it has uncovered plans by hackers to cash out over $40 million in stolen funds through six Bitcoin addresses. The FBI in an advisory warned crypto companies to be vigilant in guarding against transactions directly with, or derived from the addresses. It identified the hackers as those affiliated with the North Korea-backed Lazarus Group, also known as APT38 and “TraderTraitor.”

The FBI said that over the past 24 hours, it had tracked approximately 1,580 Bitcoin, worth more than $40 million, that the North Korean hackers are currently holding in six separate crypto wallets. It added that these funds were stolen during “several” cryptocurrency heists. It urged all private sector entities to examine the blockchain data associated with the addresses of the hackers provided and be vigilant in guarding against transactions directly with the addresses.

According to a recent report from blockchain intelligence company TRM Labs, North Korean hackers have stolen almost $2 billion in cryptocurrency since 2018 over more than 30 attacks; including almost $1 billion in 2022 alone. Lazarus Group has stolen approximately $200 million in 2023 so far, according to the report; accounting for over 20% of all stolen crypto this year.

 

 

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