Three years ago they struck United Nations in a report the alarm: The North Korean hacker group Lazarus is financing the nuclear weapons program of its dictator Kim Jong-Un with its cyber attacks with hundreds of millions of dollars a year.
Cyber warriors have been up to mischief around the world for more than ten years. Their first attacks date back to 2009. In addition to corporations, banks and entire states, the crypto sector has recently also been increasingly targeted by the North Korean shadow army.
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The evil spirit on the internet
According to the FBI, Lazarus is responsible for the worst hack in DeFi history to date. Over $625 million was stolen in the process. Kim Jong-Un’s warriors are also behind the recent $100 million attack on crypto platform Harmony. In both hacks, they attacked the same vulnerability, the bridge of the protocol. It enables the easy exchange of cryptocurrencies. And is increasingly becoming the target of hackers.
The Austrian blockchain security company analyzes in the current BTC-ECHO magazine foreushow Lazarus proceed with their atrocities on the Internet. The cyber forensic scientists reconstruct how the hackers robbed a central bank in Bangladesh and laundered their loot with so-called crypto mixers. They also show: How blockchain analyzes help in criminal prosecution.
The result of the cooperation between Foreus and BTC-ECHO is around 10,000 pages of transaction data. They will also be forwarded to affected exchanges for clarification.
BTC-ECHO Magazine 09/22 – Stock exchanges at a crossroads
The BTC-ECHO Magazin is the leading German-language magazine since 2014 on the topics of Bitcoin, Blockchain, NFTs & cryptocurrencies.
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