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FBI Finds 1,580 Bitcoins in Crypto Wallet Linked to North Korean Hackers

Nyla Mcintosh by Nyla Mcintosh
August 23, 2023
in Technology
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FBI Finds 1,580 Bitcoins in Crypto Wallet Linked to North Korean Hackers
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The Federal Bureau of Investigation (FBI) has published information about six crypto wallets where North Korean hackers reside. Photo/KoreanHerald

WASHINGTON – The Federal Bureau of Investigation (FBI) has published information about six crypto wallets where hackers from North Korea . It is estimated that around 1,580 Bitcoins were transferred from various thefts.

The Federal Bureau of Investigation has published information about six cryptocurrency wallets operated by North Korean hackers and believed to hold stolen funds. The cryptocurrency address, the FBI says, holds about 1,580 Bitcoins that are likely related to the recent theft of hundreds of millions of dollars worth of cryptocurrency assets.

“Over the last 24 hours, the FBI tracked down the stolen cryptocurrency by actors affiliated with the Democratic People’s Republic of Korea (DPRK) TraderTraitor (also known as Lazarus Group and APT38). The FBI believes the DPRK may be trying to cash out bitcoins worth more than USD40 million dollars (Rp 612 billion),” said the FBI, quoted by SINDOnews from the securityweek page, Wednesday (23/8/2023).

According to the FBI, hackers affiliated with TraderTraitor stole $60 million and $37 million in cryptocurrency from Alphapo and CoinsPaid in July. Then as much as USD 100 million from Atomic Wallet in June.

Previously, hackers stole crypto assets in attacks on Sky Mavis’s Horizon Harmony and Ronin Bridge bridges. North Korean hackers were also blamed for cyberattacks in July on JumpCloud, the 3CX hack and AppleJeus operations.

“Private sector entities should examine the blockchain data associated with these addresses and be careful to prevent transactions directly with, or originating from, those addresses,” the FBI said.

In April 2023, the US government warned that the North Korean-linked Lazarus Group, was to blame for many high-profile cyberattacks. They target entities and exchanges in the blockchain and cryptocurrency industry to generate and launder funds.

Based on shared compromise indicators associated with this campaign, which the US government calls TraderTraitor. GitHub linked North Korea to a social engineering attack targeting employees at a technology company in July.

(wib)

Tags: BitcoinscryptocryptocurrencyFBIfindshackerHackersKoreanLinkedNorthnorth koreatheftWallet
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