North Korean hackers thought to be behind $100m cryptocurrency heist

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    • #494022
      • Total Posts: 11,957

      There are strong indications that North Korea’s Lazarus Group may be responsible for this theft, based on the nature of the hack and the subsequent laundering of the stolen funds, another firm, Elliptic, said in a report on Thursday.

      “The thief is attempting to break the transaction trail back to the original theft,” the report said. “This makes it easier to cash out the funds at an exchange.”

      US officials say Lazarus is controlled by the Reconnaissance General Bureau, North Korea’s primary intelligence organisation. It has been accused of involvement in the “WannaCry” ransomware attacks, hacks of international banks and customer accounts, and the 2014 cyber-attacks against Sony Pictures Entertainment.

      If confirmed, last week’s attack would be the eighth this year – involving $1bn in stolen funds – that could be confidently attributed to North Korea, Chainalysis said. The thefts account for 60% of all funds stolen so far this year, it added. The regime has poured resources into stealing cryptocurrencies in recent years and was responsible for one of the largest cryptocurrency heists on record in March, in which almost $615m was stolen, according to the US Treasury.

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

    • #494025
      Scott Crowder
      • Total Posts: 929

      You mean they actually have educations and technology? You’re not saying….I’ve been LIED to? Say it ain’t so!

      "The possessions of the rich are stolen property." Pierre-Joseph Proudhon
      “The two greatest obstacles to democracy in the United States are, first, the widespread delusion among the poor that we have a democracy, and second, the chronic terror among the rich, lest we get it.” Edward Dowling
      "The poverty of our century is unlike that of any other. It is not, as poverty was before, the result of natural scarcity, but of a set of priorities imposed upon the rest of the world by the rich." John Berger

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