FBI accused North Korean hackers of stealing $41 million worth of cryptocurrency from Stake

The FBI has accused North Korean hackers of stealing $41 million worth of cryptocurrency from Stake

Cybercriminals have withdrawn funds from Ethereum, Binance Smart Chain, and Polygon to 33 crypto wallets they control

The FBI has accused a North Korean hacking group, known as Lazarus Group, of stealing $41 million worth of cryptocurrency from the betting platform Stake. This cybercriminal group managed to withdraw funds from Ethereum, Binance Smart Chain, and Polygon networks and transfer them to 33 cryptocurrency wallets under their control on September 4, 2023. Earlier, in August, the FBI had warned that North Korean hackers might attempt to sell approximately $40 million worth of stolen bitcoins. These hacking activities have been attributed to Lazarus Group and APT38, both North Korean hacker groups, who have been involved in a series of cryptocurrency system breaches this year, including the $100 million hack of the Atomic Wallet cryptocurrency wallet.

In response to these cyber threats, South Korean authorities announced plans in July to monitor cryptocurrency exchanges and collaborate with the United States to counter North Korean hackers. The United Nations has also noted that North Korean hackers are employing increasingly sophisticated cyber techniques to steal funds and data.