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Crypto exchanges freeze accounts tied to North Korea’s notorious Lazarus Group
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<blockquote data-quote="Stopspying" data-source="post: 1020261" data-attributes="member: 69368"><p>"Two cryptocurrency exchanges have frozen accounts identified as having been used by North Korea’s notorious Lazarus Group.</p><p>This story starts with a crypto researcher who goes by “ZachXBT” and late last week <a href="https://www.chainabuse.com/report/0a2e8e00-00e2-4749-9b00-ceb1c6202d33?context=profile-other&username=ZachXBT" target="_blank">spotted</a> an entity called “Lazarus Group” moving 41,000 ETH “from the Harmony Bridge hack through Railgun on Jan 13-14 2023 before depositing funds on three exchanges.”</p><p></p><p>The Harmony bridge was a crypto-transfer service that was <a href="https://www.theregister.com/2022/06/24/harmony_100m_cryptocurrency_theft/" target="_blank">attacked</a> in June 2022, with around $100m of crypto lost as a result of the attack.</p><p>Analysts quickly identified Lazarus Group as the sort of entity that could be interested in attacking Harmony.</p><p>Lazarus Group is identified suspected of being a cybercrime crew run by the government of North Korea and is infamous for <a href="https://www.theregister.com/2017/12/19/fco_confirms_north_korea_behind_wannacry/" target="_blank">the WannaCry ransomware</a>, attacking <a href="https://www.theregister.com/2018/09/06/us_north_korea_hacking/" target="_blank">Sony Pictures</a> and <a href="https://www.theregister.com/2022/09/08/lazarus_group_energy_firms_trade_secrets/" target="_blank">stealing secrets from energy companies</a>.</p><p>It later moved on to crypto heists and has been fingered for the <a href="https://www.theregister.com/2022/09/09/cryptocurrency_lazarus_axie/" target="_blank">theft of $620 million of crypto from game developer Sky Mavis</a>, publisher of a crypto-centric game named Axie Infinity.</p><p>North Korea steals crypto because sanctions make it hard for the rogue nation to access fiat currencies. The nation’s murderous regime conducts wholesale human rights abuses of its citizenry but needs funds to pursue the conventional missile and nuclear weapons programs that help to keep its rulers in power by making the cost of seeking regime change unacceptable to nations that oppose its violent autocracy..."</p><p></p><p></p><p>[URL unfurl="true"]https://www.theregister.com/2023/01/17/crypto_exchanges_freeze_lazarus_group/[/URL]</p></blockquote><p></p>
[QUOTE="Stopspying, post: 1020261, member: 69368"] "Two cryptocurrency exchanges have frozen accounts identified as having been used by North Korea’s notorious Lazarus Group. This story starts with a crypto researcher who goes by “ZachXBT” and late last week [URL='https://www.chainabuse.com/report/0a2e8e00-00e2-4749-9b00-ceb1c6202d33?context=profile-other&username=ZachXBT']spotted[/URL] an entity called “Lazarus Group” moving 41,000 ETH “from the Harmony Bridge hack through Railgun on Jan 13-14 2023 before depositing funds on three exchanges.” The Harmony bridge was a crypto-transfer service that was [URL='https://www.theregister.com/2022/06/24/harmony_100m_cryptocurrency_theft/']attacked[/URL] in June 2022, with around $100m of crypto lost as a result of the attack. Analysts quickly identified Lazarus Group as the sort of entity that could be interested in attacking Harmony. Lazarus Group is identified suspected of being a cybercrime crew run by the government of North Korea and is infamous for [URL='https://www.theregister.com/2017/12/19/fco_confirms_north_korea_behind_wannacry/']the WannaCry ransomware[/URL], attacking [URL='https://www.theregister.com/2018/09/06/us_north_korea_hacking/']Sony Pictures[/URL] and [URL='https://www.theregister.com/2022/09/08/lazarus_group_energy_firms_trade_secrets/']stealing secrets from energy companies[/URL]. It later moved on to crypto heists and has been fingered for the [URL='https://www.theregister.com/2022/09/09/cryptocurrency_lazarus_axie/']theft of $620 million of crypto from game developer Sky Mavis[/URL], publisher of a crypto-centric game named Axie Infinity. North Korea steals crypto because sanctions make it hard for the rogue nation to access fiat currencies. The nation’s murderous regime conducts wholesale human rights abuses of its citizenry but needs funds to pursue the conventional missile and nuclear weapons programs that help to keep its rulers in power by making the cost of seeking regime change unacceptable to nations that oppose its violent autocracy..." [URL unfurl="true"]https://www.theregister.com/2023/01/17/crypto_exchanges_freeze_lazarus_group/[/URL] [/QUOTE]
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