The FBI said North Korea's Lazarus Group was behind the $41 million theft this week from crypto-based sports betting platform Stake.com.
The FBI said North Korea-affiliated Lazarus Group was responsible for a $41 million theft this week from crypto-based sports betting platform Stake.com.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The U.S. Federal Bureau of Investigation said North Korea affiliated Lazarus Group was responsible for a $41 million theft this week from crypto-based sports betting platform Stake.com.
Lawmakers on both sides, including Sen. Elizabeth Warren, D-Mass., have honed in on combatting money laundering and stopping"crypto-facilitated crime." Warren and others introduced acalled the Crypto-Asset National Security Enhancement and Enforcement Act, or CANSEE, in July to tighten existing rules aimed at combating money laundering and sanctions evasion by making specific how they apply to decentralized finance.
"Lazarus Group and other bad actors hacking protocols is a rising concern among lawmakers on Capitol Hill and has led to legislation like Warren/Marshall and CANSEE and even comments from Biden himself," Hammond said Thursday on X, the social media site formerly known as Twitter.crypto operators on Aug. 23 that entities with ties to the Democratic People;s Republic of Korea may to cash out bitcoin worth more than $40 million.
The Lazarus Group has targeted the blockchain sector by using spearphishing methods and malicious software to steal crypto. In 2022, Chainalysis attributed $1.7 billion in stolen crypto to the Lazarus group. "Its activities, as well as those of other DPRK threat actors such as the fraudulent IT workers highlighted in today’s designation, present serious threats to the public safety and financial systems of countries around the world," the blockchain analysis firm said back in© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
North Korea would ‘pay a price’ for providing Russia weapons, Biden official saysNorth Korea would “pay a price” if it provides weapons to Russia for use in Moscow’s war in Ukraine, a top Biden administration official said Tuesday....
Read more »
North Korea would ‘pay a price’ for providing Russia with weapons, Biden official saysNorth Korea would 'pay a price' if it provides weapons to Russia for use in Moscow's war in Ukraine, a top Biden administration official said Tuesday.
Read more »
US says North Korea will 'pay a price' for any weapons supplies to RussiaArms negotiations between Russia and North Korea are actively advancing, a U.S. official said on Tuesday and warned leader Kim Jong Un that his country would pay a price for supplying Russia with weapons to use in Ukraine.
Read more »
North Korea and Russia 'actively advancing' on arms deal, Biden aide saysTalks on an arms deal between North Korea and Russia could lead to a meeting between North Korean leader Kim Jong Un and Russian President Vladimir Putin.
Read more »
Toothless US threats won't scare North Korea away from Russia cooperationReports suggest that Kim Jong Un will soon travel to Russia to meet with Vladimir Putin. Putin's meeting with North Korea's leader is likely to take place in the Pacific coastal city of Vladivostok, close to the North Korean border.
Read more »