Massive $35 Million Cryptocurrency Heist: Is the Lazarus Group Behind It!. | June 7 2023
Channel: Hacking Space Frontier
Date: 2023-06-08

According to analysts, the Lazarus Group, notorious North Korean hackers, could potentially be responsible for a $35 million cryptocurrency heist from the decentralized wallet platform Atomic Wallet. The hack affected less than 1% of Atomic Wallet's monthly active customers, which amounts to a small fraction of its 5 million users worldwide.

Blockchain analytics firm Elliptic attributed the incident to the Lazarus Group with a high level of confidence due to similarities in techniques used in previous attacks. The stolen assets were laundered using services, including the Sinbad mixer, which were previously used to launder proceeds from Lazarus Group's past hacks.

The details of the attack on Atomic Wallet are unclear, but it's suggested by an expert that a bug in the wallet provider's application may have exposed users' private keys, leading to the incident. This theft stands out due to its large scale and marks the first major crypto theft publicly attributed to Lazarus Group since a $100 million attack on Horizon Bridge in June 2022, where the hackers exposed information while attempting to launder the stolen money.