Token

Bitcoin

Tornado Cash

<div class="cryptonews"> 
 <p class="is-style-lead">North Korea’s <a rel="dofollow" title="hackers" href="https://thebittimes.com/tag/hackers.html">hackers</a> are using intermediaries, a cross-chain bridge and at least one centralized exchange to <a rel="dofollow" title="launder" href="https://thebittimes.com/tag/launder.html">launder</a> $3.6 million in stolen crypto.</p> 
 <p>The North Korea-affiliated Lazarus Group sent a lightly over 2,227 ETH (valued at ~$3.6 million as of press time) to two intermediary addresses in an effort to cover its tracks.</p> 
 <p>According to an X post published by PeckShieldAlert, the intermediaries have sent over 11,000 in ETH to Swft Blockchain, cross-chain swap protocol. For some unknown reason the intermediaries have also sent around $4,560 in ETH to Binance, a centralized cryptocurrency exchange.</p> 
 <figure class="wp-block-image size-full">
  <img decoding="async" width="3207" height="1980" src="https://cdn.thebittimes.com/images/2023/09/19/c67082650f4a435bc9cfabebad4bf5ea.webp" alt="North Korean hackers actively launder Stake's $3.6m - 1" class="wp-image-14196058">
  <figcaption class="wp-element-caption">
   Stake.com crypto laundering scheme | Source: X
  </figcaption>
 </figure> 
 <p>Most of the stolen crypto was swapped for at least 80 BTC (worth ~$2.16 million) and then bridged to the Bitcoin network via THORChain, a cross-chain bridge enabling swaps without wrapped or pegged assets.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> North Korean hackers turn to Russia to launder crypto 
 </div> 
 <p>PeckShield says one of the intermediary addresses is still in the process of <a rel="dofollow" title="launder" href="https://thebittimes.com/tag/launder.html">launder</a>ing funds as it has received another 1,390 ETH (worth around $2.28 million).</p> 
 <p>In the meantime, the <a rel="dofollow" title="hackers" href="https://thebittimes.com/tag/hackers.html">hackers</a> also transferred around 59,500 BNB (worth $12.5 million) in stolen crypto from Stake.com on BNB Chain (formerly Binance Smart Chain) to an intermediary address. The funds were later sent to BSC Token Hub, a bridge between BNB Beacon Chain (BEP2) and BNB Chain (BEP20).</p> 
 <p>The remaining funds were either <a rel="dofollow" title="launder" href="https://thebittimes.com/tag/launder.html">launder</a>ed via Tornado Cash or sent to centralized exchanges, including OKX, ChangeNow and Binance, PeckShield said.</p> 
 <p>In early September, Stake.com, a crypto-based sports betting and casino platform, suffered a hack that led to $40 million in cryptocurrency theft. The FBI later attributed the attack to Lazarus Group.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> North Korea linked to latest crypto hacks, surpassing $270m 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/north-korean-hackers-actively-launder-stake-s-3-6m-tbt63214.html">https://thebittimes.com/north-korean-hackers-actively-launder-stake-s-3-6m-tbt63214.html</a></p>

North Korean hackers actively launder Stake’s $3.6m

TheBitTimes

Other articles published on Sep 19, 2023

1Kosmos BlockID Named Best ID Management Solution in 2023 Finovate Awards

Shibarium-Based SHIB Burns: New Mega-Important Upgrade Revealed

Hong Kong Arrests Eight In Connection With Suspected $152 Million Fraud At JPEX Crypto Exchange

Bitcoin nears $27,000 ahead of FOMC meet

Binance.US Legal Filings Contradict CEO Changpeng Zhao’s Public Statements On Custody Software Use

Friend.Tech collaborators booted from chatrooms

Join our free newsletter for daily crypto updates!