The FBI has announced that the Lazarus Group, a North Korean hacker organization, is responsible for a $41 million cryptocurrency theft from the cryptocurrency casino Stake.
North Korean Hacking Group Lazarus Stole $41M In Cryptocurrency From Stake
The FBI has announced that the Lazarus Group, a North Korean hacker organization, is responsible for a $41 million cryptocurrency theft from the cryptocurrency casino Stake.
The incident unfolded earlier this week when Stake, a gambling platform backed by rapper Drake, initially described a series of transactions as "unauthorized transfers." They promptly informed users of an ongoing investigation.
Following its own investigation, the FBI uncovered multiple digital wallets reportedly storing the stolen cryptocurrency. The stolen funds were allegedly routed across different networks, including Bitcoin, Ethereum, Polygon and Binance Smart Chain.
This recent attack is part of a series of cryptocurrency heists attributed to Lazarus Group. They include a $100 million theft from Atomic Wallet in June, $200 million heist from Euler Finance and $37 million from CoinsPaid, according to the FBI.
Over the years, North Korean hackers have become a significant threat to crypto projects, having reportedly stolen $3 billion in digital assets, as reported by crypto analytics firm Elliptic.
Notably, last April, the U.S. Treasury Department linked the group to a $622 million exploit that targeted the Ronin Network, an Ethereum sidechain used by the popular play-to-earn crypto game Axie Infinity.
