North Korean hackers stole US$100mil in crypto heist, say analysts


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 called Lazarus. — Reuters

WASHINGTON: North Korean hackers stole more than US$100mil (RM462mil) worth of digital currency in a recent heist affecting users of the Atomic Wallet service, cryptocurrency analytics firm Elliptic says.

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 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 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 to comment.

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

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