<\/p>\n
The FBI has issued a warning to crypto companies over recent blockchain activities tied to the theft of hundreds of millions of dollars by the Democratic People\u2019s Republic of Korea (DPRK).<\/p>\n
TraderTraitor-affiliated actors, also known as the Lazarus Group<\/a> and APT38, are accused by the state of siphoning off funds from several crypto protocols and projects last year.<\/p>\n Over the last 24 hours, the FBI said it has tracked about 1,580 bitcoin (BTC<\/a>), worth more than $40 million, stolen by the DPRK and held in six Bitcoin addresses. The Bureau believes the DPRK may attempt to liquidate the digital assets held therein, according to a statement<\/a>.<\/p>\n Private sector entities are urged to examine the recent blockchain data linked to the addresses provided by the FBI on Tuesday and be vigilant against transactions directly with or derived from them.<\/p>\n \u201cThe FBI will continue to expose and combat the DPRK\u2019s use of illicit activities \u2014 including cybercrime and virtual currency theft \u2014 to generate revenue for the regime,\u201d it said in a statement.<\/p>\n Among the high-profile international crypto heists attributed to DPRK includes the theft of $60 million from payment providers Alphapo on June 22 and $37 million from CoinsPaid on the same day. A further $100 million from Atomic Wallet at the start of that month has also been flagged.<\/p>\n The thefts from Lazarus last year prompted warnings from several nations, including Japanese local authorities<\/a>, to provide preventive measures against further attacks. On Monday, cybersecurity firm Palo Alto Networks\u2019 CEO Nikesh Arora told CNBC<\/a> in an interview, that companies needed to beef up and modernize their systems in a bid to shield themselves from \u201cbad actors.\u201d<\/p>\n The FBI previously confirmed attacks against Harmony\u2019s Horizon bridge and Sky Mavis\u2019 $625 million<\/a> hack on Ethereum-linked sidechain Ronin Bridge last year, alongside a Cybersecurity Advisory on TraderTraitor.\u00a0<\/p>\n Lazarus made attempts to move funds worth $63 million<\/a> linked to the Horizon bridge, though concerted efforts from the industry, including exchanges, blocked the transfers.<\/p>\n In April, the US Treasury\u2019s Office of Foreign Assets Control sanctioned<\/a> three individuals, Wu Huihui, Cheng Hung Man and Sim Hyon Sop with alleged ties to the group.<\/p>\n Get the day\u2019s top crypto news and insights delivered to your email every evening.\u00a0Subscribe to Blockworks\u2019 free newsletter<\/a>\u00a0now.<\/strong><\/p>\n Want alpha sent directly to your inbox? Get degen trade ideas, governance updates, token performance, can\u2019t-miss tweets and more from\u00a0Blockworks Research\u2019s Daily Debrief<\/a>.<\/strong><\/p>\n Can\u2019t wait? Get our news the fastest way possible.\u00a0Join us on Telegram<\/a>\u00a0and follow us on\u00a0Google News<\/a>.<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The FBI has issued a warning to crypto companies over recent blockchain activities tied to the theft of hundreds of millions of dollars by the Democratic People\u2019s Republic of Korea (DPRK). TraderTraitor-affiliated actors, also known as the Lazarus Group and APT38, are accused by the state of siphoning off funds from several crypto protocols and […]<\/p>\n","protected":false},"author":2,"featured_media":141151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-141150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=141150"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141150\/revisions"}],"predecessor-version":[{"id":147077,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141150\/revisions\/147077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/141151"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=141150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=141150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=141150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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