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Home » Stake.com’s $41 Million Heist: FBI Connects The Dots To North Korean Hacker Group Lazarus

Stake.com’s $41 Million Heist: FBI Connects The Dots To North Korean Hacker Group Lazarus

Hania by Hania
September 8, 2023
in Bitcoin News
Reading Time: 2 mins read
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Stake.com’s $41 Million Heist: FBI Connects The Dots To North Korean Hacker Group Lazarus
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Table Of Content:

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  • North Korean Lazarus hacks Stake.com
  • Lazarus-Related Losses
  • Stake.com got robbed of more than $41 million earlier this week as a result of a private key leak.
  • According to the FBI, the hacker group stole more than $200 million by 2023.
  • Back in January, the FBI intercepted a portion of the funds from the $100 million Harmony Bridge attack, which was also linked to Lazarus.

Lazarus, one of the biggest cybercriminal groups run by the Democratic People’s Republic of Korea (DPRK), has been proven to be active again. The North Korean hacker group has been at the top of cybercrime this year and is also responsible for the current Stake.com attack.

North Korean Lazarus hacks Stake.com

This week, the news stated that the betting and cryptocurrency casino service provider Stake had been hacked. After suffering losses of more than $41 million, the platform was forced to stop all deposits and withdrawals as a direct result of the attack.

The Federal Bureau of Investigation (FBI) confirmed a few days after the incident that the attackers were the hacker group Lazarus. The North Korean cybercriminal group has been suspected to be run by members of the ruling party, DPRK. This group has organized numerous thefts and attacks in the past, and it is believed that the proceeds from these crimes were used to finance the nation’s ballistic missile program.

The FBI said the group stole $41 million from Ethereum, Polygon, and Binance Smart Chain (BSC) networks. This was another major heist added to their extensive record of thefts, which alone in 2023 cost hundreds of millions of dollars.

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Also Read: North Korean Crypto Currency Scams Cross $2.5 Billion

Stake.com's $41 Million Heist: FBI Connects The Dots To North Korean Hacker Group Lazarus

Lazarus-Related Losses

Since January, the cybercriminal group has stolen over $200 million, according to the FBI. In the last nine months, Lazarus was associated with two big cyber attacks. The first was the Harmony Bridge attack, which happened in January. 

The hackers have been held accountable for the $100 million attack, although only $60 million was laundered and some were frozen by the FBI. Lazarus stole $60 million from Alphapo and CoinsPaid in July after stealing $100 million from the Atomic Wallet in June. 

Lazarus is still one of the most active and prolific cybercriminal groups in the world, despite the fact that its activities and the money taken have decreased compared to 2022.

Also Read: Cryptocurrency Crimes By North Korea Doubled In 2022

Tags: crypto hackercyber attackHacksNorth Korea
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Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

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