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

Stake.coms 41 Million Heist FBI Connects The Dots To North Korean Hacker Group 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.

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

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

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