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 <p class="is-style-lead">Lazarus Group, the hacker group believed to be sponsored by the North Korean government, is allegedly responsible for attacking CoinEx, a crypto exchange, according to blockchain security experts SlowMist and on-chain sleuth ZachXBT.</p> 
 <p>Wallets involved in draining funds from CoinEx on Sep. 12 also participated in stealing $41 million from Stake.com, the crypto casino. Attackers siphoned millions in digital assets from the operators’ hot wallets in both cases.</p> 
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    <p lang="en" dir="ltr">It appears North Korea is also responsible for the $54M @coinexcom hack from yesterday after they accidentally connected their address to the $41M Stake hack on OP &amp; Polygon. <br><br>0x75497999432b8701330fb68058bd21918c02ac59 pic.twitter.com/9qZPdc3yhT</p>— ZachXBT (@zachxbt) September 13, 2023
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 <p>The Federal Bureau of Investigation (FBI) attributed Stake’s exploit to Lazarus, meaning that the same cyber actors most likely targeted the crypto exchange as well. On-chain data also indicates a network of addresses tied to the thefts on CoinEx and Stake dot com.</p> 
 <p>SlowMist’s <a rel="dofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a> on the matter noted that the Stake exploiter and the Alphapo hacker share an address, both believed to be controlled by Lazarus.</p> 
 <p>The crypto community was alerted to a “security incident” affecting CoinEx’s hot wallets on Tuesday, Sep. 12. Losses were initially estimated at $27.8 million but further <a rel="dofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> highlighted that hackers stole up to $55 million in cryptocurrencies.</p> 
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  <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> FBI: Lazarus Group hacked and stole $41m from crypto casino, Stake 
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 <p>Stolen funds from the hack were withdrawn via Bitcoin (BTC), Ethereum (ETH), Tron (TRX), BNB Chain (BNB), Polygon (MATIC), Arbitrum (ARB), and six other blockchains.</p> 
 <p>Indeed, CoinEx is the latest victim in a wave of attacks besieging crypto operators with Lazarus the prime suspect in several of these incidents.</p> 
 <p>North Korea’s hackers are the believed perpetrators of exploits on CoinEx, Stake, CoinsPaid, Alphapo, and Atomic Wallet. All five hacks happened in a 102-day window and Lazarus <a rel="dofollow" title="reportedly" href="https://thebittimes.com/tag/reportedly.html">reportedly</a> stole over $270 million in that time.</p> 
 <p>At this rate, Lazarus could exceed $500 million in criminal proceeds from crypto hacks before 2023 closes. A Chainalysis <a rel="dofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a> previously said the hacker group snatched over $1 billion from digital asset investors and service providers in 2022.&nbsp;</p> 
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  <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 Lazarus Group is targeting crypto companies with APT attacks 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/lazarus-group-reportedly-behind-the-54m-coinex-hack-tbt62671.html">https://thebittimes.com/lazarus-group-reportedly-behind-the-54m-coinex-hack-tbt62671.html</a></p>

Lazarus Group reportedly behind the $54m CoinEx hack

TheBitTimes

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