January 30, 2023

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Hacking groups linked to North Korea are behind the E24-crypto attacks

The FBI believes the Lazarus Group and APT38 are behind the computer attacks in which $100 million in values ​​were extorted.

Two North Korean groups are said to be behind a major cryptocurrency attack.
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In June last year, crypto service Harmony’s Horizon suffered a major data attack, in which $100 million worth of cryptocurrency, equivalent to NOK 958 million, was mined.

The FBI now believes two groups with ties to North Korea are behind it.

The actors, Lazarus Group and APT38, are said to have carried out a data attack on crypto service Harmony’s Horizon in June.

Headquartered in the United States, Harmony’s Horizon allows traders to exchange digital tokens between different blockchain networks.

60 million washed

According to the FBI, North Korean hackers reportedly used the Railgun system to launder more than $60 million stolen in computer attacks in June. It had to happen this month.

Railgun is a system that will protect the anonymity of people who transfer cryptocurrency.

When the data attack occurred, blockchain analytics firm Elliptic said there were “strong indications” that Lazarus was behind the attack.

Soon after the attack, the hackers attempted to move the money to hide their identities.

According to CNBC, the FBI says it continues to “identify and stop North Korea’s theft and laundering of virtual currency, which is used to support North Korea’s ballistic missiles and weapons of mass destruction.”

Groups associated with North Korea have been linked to several crypto attacks.