CDS Crypto News North Korean Lazarus Group May Be Suspect Behind $55 Million CoinEx Hack
Crypto News

North Korean Lazarus Group May Be Suspect Behind $55 Million CoinEx Hack

North Korean Lazarus Group is linked to the CoinEx hack.

376
North Korean Lazarus Group May Be Suspect Behind $55 Million CoinEx Hack

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.

North Korean Lazarus Group May Be Suspect Behind $55 Million CoinEx Hack
Sources:theblock
Written by
lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Crypto News – Dogecoin Fans Disappointed: Elon Musk’s Twitter Payments Won’t Use Crypto

Elon Musk, a known supporter of Dogecoin, is moving forward with launching...

Breaking Crypto News – The Impact of Standard Chartered Trading Desk on the Market

Breaking Crypto News - The Impact of Standard Chartered Trading Desk on...

Crypto News – Nasdaq Hits Seven Consecutive Record Highs, But Bitcoin Stalls: What’s Holding It Back?

The Nasdaq Composite is skyrocketing, but Bitcoin remains stagnant in the mid-$60,000s...

Bitcoin Price Falls Under $64K After $900 Million Pulled from ETFs

Here's a look at the recent price movements in the crypto markets...