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North Korean Lazarus Group Suspected in $305M DMM Bitcoin Hack, $35M Laundered

Jul 15, 2024, 11:11 AM

North Korean hackers, specifically the Lazarus Group, are suspected to be behind the $305 million hack of the DMM Bitcoin exchange in May. According to blockchain investigator ZachXBT, the hackers have laundered over $35 million through an online marketplace in Cambodia. Additionally, a major Cambodian payments firm received over $150,000 in stolen cryptocurrency from a digital wallet used by the Lazarus Group. Reports indicate that North Korean hackers are also infiltrating cryptocurrency job boards, posing as fake job applicants to gain access to sensitive data, hack systems, and steal assets. This infiltration is part of a broader strategy by North Korea to exploit vulnerabilities in the cryptocurrency sector, which has already resulted in a 'quiet war' raking in $600 million. The events were reported on July 15, and the stolen funds were also linked to an Asian payment firm.