Cyber Attack: Lazarus Group Targets CoinsPaid, $37M Lost

CoinsPaid, the crypto payment gateway, is reporting a suspected hack by the notorious Lazarus Group, resulting in a staggering $37 million loss. The cybercriminal organization is known for its sophisticated tactics and links to state-sponsored activity. The breach has raised concerns over the security of cryptocurrency transactions, prompting authorities to investigate further. CoinsPaid is currently working to enhance its security measures and recover the stolen funds. Users are advised to remain vigilant and review their account activity for any unauthorized transactions. This incident serves as a stark reminder of the ongoing threats faced by the cryptocurrency industry.