North Korea-backed Lazarus Group linked to $305M DMM Bitcoin hack
The suspected involvement of Lazarus Group in the DMM Bitcoin hack underscores ongoing cybersecurity threats posed by state-backed actors in the cryptocurrency sector.
Xu LinThe suspected involvement of Lazarus Group in the DMM Bitcoin hack underscores ongoing cybersecurity threats posed by state-backed actors in the cryptocurrency sector.
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JinseFinanceAbu Dhabi-based Phoenix Group is set to acquire $187 million worth of new Bitcoin mining rigs from Bitmain Technologies, following a $380 million deal with WhatsMiner. The move aims to significantly boost Phoenix's Bitcoin hashing power, positioning the company as a major global crypto miner. The strategic expansion aligns with the recent approval of a Bitcoin exchange-traded fund (ETF) by the SEC, anticipating potential industry growth. Despite competition and profitability challenges in Bitcoin mining, Phoenix Group's aggressive approach underscores its commitment to staying competitive in the evolving sector.
EdmundLazarus Group, notorious for $3 billion crypto exploits, withdrew $1.2 million Bitcoin from a coin mixer. Blockchain analysis by Arkham reveals their $79 million wallet. Recent attacks align with Lazarus's known patterns, raising concerns.
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