- The Notorious Lazarus Group orchestrated a massive digital heist targeting the crypto casino Stake.
- FBI officially confirmed the incident in a report.
- Lazarus successfully stole over $2 billion in digital assets according to Elliptic.
The notorious Lazarus Group, a North Korean hacker organization, has once again demonstrated its capabilities by orchestrating a massive digital heist. This time, their target was the crypto casino Stake, resulting in a staggering loss of $41 million in digital assets. The FBI officially confirmed this harrowing incident in a statement released on Thursday.
The incident unfolded swiftly as Stake, a gambling platform backed by the rapper Drake, initially reported a series of “unauthorized transfers.” Realizing the severity of the situation, Stake promptly initiated an investigation, which was communicated to its users just hours after the attack occurred.
FBI’s Unveiling of Cryptic Trails
The FBI wasted no time in diving into the investigation as well, uncovering a web of digital trails left by the audacious hackers. The agency revealed that Lazarus Group had seamlessly moved the stolen assets across multiple cryptocurrency networks, including Bitcoin, Ethereum, Polygon, and Binance Smart Chain. This sophisticated maneuvering left the authorities stunned.
What makes this incident even more alarming is the digital fingerprints left by the attackers, linking them to a string of recent high-profile heists.
The FBI alleges that the Lazarus Group was also responsible for a $100 million theft from Atomic Wallet in June and a $60 million heist from projects Alphapo and CoinsPaid in July. The consistency in tactics points to a highly organized and resourceful hacking operation.
The Lazarus Group has emerged as a formidable adversary for numerous crypto projects over the past few years. According to crypto analytics firm Elliptic, this enigmatic hacking collective has successfully stolen over $2 billion in digital assets through various thefts.
Their audacity knows no bounds, and their ability to evade capture continues to baffle cybersecurity experts worldwide.
This is not the first time that the Lazarus Group has made headlines. In April, the U.S. Treasury Department linked the group to a jaw-dropping $622 million exploit that drained the Ronin Network, an Ethereum sidechain integral to the play-to-earn crypto game Axie Infinity. It remains one of the most significant crypto exploits in history.