Connect with us

Hi, what are you looking for?

Economy

North Korean hackers stole $100 million in recent cryptocurrency heist — analysts

WASHINGTON — North Korean hackers stole more than $100 million worth of digital currency in a recent heist affecting users of the Atomic Wallet service, cryptocurrency analytics firm Elliptic said Tuesday.

In a blog post, Elliptic said that more than 5,500 digital wallets were hit by the hackers, who the firm said were part of the North Korean cybercrime gang often called Lazarus.

North Korea’s mission to the United Nations in New York did not immediately respond to a request for comment, although Pyongyang has in the past denied carrying out digital thefts. Atomic Wallet did not immediately return messages seeking comment.

The company, which says it is based in Estonia, has previously said that it “received reports of wallets being compromised” and that it hired another cryptocurrency analytics firm, Chainalysis, to investigate the incident and track down stolen funds. Chainalysis declined comment.

Lazarus has been blamed for a series of brazen thefts targeting cryptocurrency users and organizations. Elliptic said the one that targeted users of Atomic Wallet was the biggest since the hackers allegedly stole around $100 million worth of digital coins from a tool developed by the US cryptocurrency firm Harmony last year.

Earlier this year, the United Nations reported that North Korea had stolen more cryptocurrency assets in 2022 than in any other year. International monitors have said that the stolen money has been pumped into North Korea’s sanctioned nuclear and missile programs.

The Federal Bureau of Investigation did not immediately respond to a request for comment on the latest theft. Estonian police officials did not immediately respond to an email sent after hours. — Reuters

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

The province of Pangasinan wants to expand the range of products offered by its small and medium-sized businesses for the global market, moving beyond...

Investing

Instagram and Facebook users in the EU could face a charge of up to €13 a month if they refuse to sign up to...

Economy

BANGKOK — Thailand will restore confidence in its critical tourism sector, officials said on Wednesday, a day after a shooting spree at a luxury...

Economy

AT A World Trade Organization (WTO) event in September, former British prime minister Gordon Brown voiced out loud the fear that has quietly started...

Economy

KUALA LUMPUR — Malaysia will call on ASEAN’s main rice supplying nations to prioritize the bloc’s member countries amid concerns over rising prices and...

Economy

TAIPEI — China has “very diverse” ways of interfering in Taiwan’s elections in January, from military pressure to spreading fake news, including manipulating opinion...

You May Also Like

Top News

As the world seeks sustainable and energy-efficient solutions for heating and cooling, the heat pump market is experiencing a significant surge. According to the...

Investing

The Toto site’s user-friendly interface makes it easy for both beginners and experienced gamblers to navigate through the various features. “¸ÔÆ¢Æú¸®½º site is a...

Investing

Almost 100 jobs are thought to be under threat at smart home energy technology manufacturer myenergi. The Grimsby firm, named one of the UK’s...

Economy

JUNIOR FERREIRA-UNSPLASH The Philippines is a very small power market by ASEAN standards, with market demand peaking at 15 gigawatts (GW) compared to Thailand’s...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.