North Korean Hacking Group Intends to Auction Off $40 Million Worth of Bitcoin, Claims FBI
The Federal Bureau of Investigation (FBI) has issued a warning to cryptocurrency companies, advising them to be vigilant against cyber attacks from a group known as TraderTraitor. According to the FBI, this group is responsible for a series of large-scale cryptocurrency thefts, with the total value of funds stolen estimated to be over $200 million.
The FBI has previously linked TraderTraitor to the Lazarus Group and APT38, groups that are alleged to have been involved in extracting funds from multiple cryptocurrency protocols and projects in the past year. The DPRK, or Democratic People's Republic of Korea, is also associated with these thefts, with the state alleged to have taken these funds.
On June 22, 2023, TraderTraitor stole $60 million from Alphapo and $37 million from CoinsPaid. Just a week earlier, on June 2, 2023, the group stole $100 million from Atomic Wallet. These funds, valued at over $40 million, are currently being held in six Bitcoin addresses.
In the past 24 hours, the FBI has traced approximately 1,580 bitcoins (BTC) valued at over $40 million in relation to the theft. The agency has not yet disclosed the current location of the stolen funds.
The FBI has also expressed concerns that the DPRK might make attempts to convert and utilize these digital assets. In addition, the agency has advised on staying safe online due to TraderTraitor's actions.
It's worth noting that KANDYKORN, a hacker group linked to North Korea, has targeted cryptocurrency experts in previous attacks. This underscores the importance of the FBI's warning and the need for increased security measures in the cryptocurrency industry.
While the FBI continues to investigate these crimes, it's crucial for cryptocurrency companies to remain vigilant and take necessary precautions to protect their assets. By staying informed and following best practices for online security, companies can help mitigate the risks associated with these types of crypto attacks.
Read also:
- Mural at blast site in CDMX commemorates Alicia Matías, sacrificing life for granddaughter's safety
- Comcast Introduces Sports-Oriented Video Bundle in Preparation for the World Cup Tournament
- Is Maruti's reign over the SUV market being challenged by Mahindra's aggressive move to snatch the top spot?
- Social Security Administration Abandons Plan for Electronic Payments: Important Information for Recipients of Benefits
