The Federal Bureau of Investigation today warned crypto operators that entities tied to North Korea are poised to sell more than $40 million worth of bitcoin.
The warning, issued today, comes after a series of high profile crypto heists carried out by North Korea-affiliated Lazarus Group in recent years.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 warned crypto operators that entities connected to North Korean hackers may attempt to sell more than $40 million worth of bitcoin.
“The FBI believes the DPRK may attempt to cash out the bitcoin worth more than $40 million dollars,” the agency said, and added a list of Bitcoin addresses where the funds are currently held, having recently been moved. “Private sector entities should examine the blockchain data associated with these addresses and be vigilant in guarding against transactions directly with, or derived from, the addresses,” the agency added.
The Lazarus Group in North Korea has consistently targeted the blockchain sector, utilizing spearphishing methods and malicious software to steal cryptocurrency. These attacks often begin with a multitude of spearphishing emails directed at IT employees, aiming to lure the recipients into downloading applications tainted with malware.
Last year, the same group had carried out attacks on Harmony’s Horizon Bridge and Sky Mavis’s Ronin Bridge, the latter resulting© 2023 The Block Crypto, Inc. 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.
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