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.

The suspected involvement of Lazarus Group in the DMM Bitcoin hack underscores ongoing cybersecurity threats posed by state-backed actors in the cryptocurrency sector.
Cryptocurrency exchange DMM Bitcoin reported on the 31st of last month that 4,502.9 BTC were illegally transferred from its official wallet, resulting in a loss valued at 48.2 billion yen (USD 311 million). In response to this incident, the seventh largest cryptocurrency theft in history, Japan's Financial Services Agency has demanded that DMM Bitcoin provide a report on the cause of the theft and its customer compensation policy.
Lazarus 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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The government department hinted that the addresses were added to the list in an effort to stop North Korea from evading sanctions imposed by the United States and United Nations.