Crypto News – ZachXBT’s on-chain data sources suggest that the $55 million CoinEx breach was most likely carried out by North Korea’s Lazarus Group.
North Korean Lazarus Group May Be Suspect Behind $55 Million CoinEx Hack
There is a connection between the intrusion on CoinEx and the most recent hack on the betting website Stake.com, which the FBI stated was the work of Lazarus. The orchestrators of both attacks may have possessed the Ethereum wallet address discovered, which suggests the operations were carried out by the same gang. ZachXBT saw that there was an interaction between the wallet address that had received funds from Stake.com and the wallet address that had received the CoinEx funds that had been stolen.
About CoinEx Hack
The first estimate of the CoinEx hack’s size was roughly $28 million, however, it has since increased to about $55 million. According to spreadsheet data compiled by security company SlowMist, which details the stolen assets and their individual values, this is the case.
$6 million in Bitcoin, $18.5 million in Ether, and $6 million in XRP are among the stolen valuables. While it looks into the incident, CoinEx has temporarily stopped all deposits and withdrawals. The agreement stated that all damages would be paid to impacted parties.