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North Korean hackers stole more than $600 million in cryptocurrency in single hack

North Korean hackers stole more than $600 million in cryptocurrency in single hack - FBI

The FBI has blamed hackers related to the North Korean authorities for stealing greater than $600 million in cryptocurrency last month from a video gaming firm.

The hack is the most recent in a string of audacious cyber heists tied to the North Korean government who’ve for years averted sanctions positioned by the UN over it is nuclear weapons testing .

“By way of our investigation we have been in a position to affirm Lazarus Group and APT38, cyber actors related to the DPRK, are answerable for the theft of $620 million in Ethereum reported on March 29th,” the FBI mentioned in an announcement. “DPRK” is an abbreviation for North Korea’s official identify, the Democratic People’s Republic of Korea, and Ethereum is a know-how platform related to a kind of cryptocurrency.

The FBI in its assertion was referring to the latest hack of a computer community utilized by Axie Infinity, a video game that permits gamers to earn cryptocurrency. Sky Mavis, the corporate that created Axie Infinity, introduced on March 29 that unidentified hackers had stolen the equal of roughly $600 million — valued on the time of the hack’s discovery — on March 23 from a “bridge,” or network that permits customers to ship cryptocurrency from one blockchain to a different.

In response, the US Treasury Department on Thursday, April 14 positioned sanctions on Lazarus Group, a  hackers believed to work on behalf of the North Korean authorities.

 US Treasury said it had sanctioned the particular “wallet,” or cryptocurrency handle, that was used to cash out on the Axie Infinity hack.

North Korea last month fired what’s believed to be its first intercontinental ballistic missile in additional than 4 years.

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