North Korea-backed Lazarus Group linked to $305M DMM Bitcoin hack
The suspected involvement of Lazarus Group in the DMM Bitcoin hack underscores ongoing cybersecurity threats posed by state-backed actors in the cryptocurrency sector.
Xu LinThe suspected involvement of Lazarus Group in the DMM Bitcoin hack underscores ongoing cybersecurity threats posed by state-backed actors in the cryptocurrency sector.
Xu LinDMM Bitcoin's hack, involving $305 million in BTC, shows links to North Korea’s Lazarus Group, with funds funneled through Huione Guarantee.
BerniceCryptocurrency exchange DMM Bitcoin reported on the 31st of last month that 4,502.9 BTC were illegally transferred from its official wallet, resulting in a loss valued at 48.2 billion yen (USD 311 million). In response to this incident, the seventh largest cryptocurrency theft in history, Japan's Financial Services Agency has demanded that DMM Bitcoin provide a report on the cause of the theft and its customer compensation policy.
AlexDMM Bitcoin to acquire $320 million in Bitcoin for hack compensation. Japan mandates investigation and compensation measures. Mt. Gox rehabilitation ongoing amidst security challenges.
Xu LinDMM Bitcoin reports $300 million Bitcoin theft. Unauthorized withdrawals prompt service restrictions. Investigations underway, with plans to replenish stolen funds. Customer holdings remain intact. Further updates pending.
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