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North Korea's Making a Killing from Crypto Hacking

Published 10/19/2018, 11:37 AM
Updated 10/19/2018, 12:41 PM
 North Korea's Making a Killing from Crypto Hacking

A North Korean hacking group named Lazarus has been responsible for the disappearance of approximately $571 million in cryptocurrency, a report by Group-IB relayed by The Next Web finds.

Prior to its annual report in cybercrime statistics, Group-IB released some information showing that the North Korean state’s own hacking organization managed to steal more than half a billion US dollars in coins from exchanges. This may not be a complete picture, as the group may have also stolen more coins in other attacks.

So far, the largest attack that has been accounted for as Lazarus’ doing was the $534 million attack on Coincheck, where a large quantity of NEM disappeared from t...


This article appeared first on Cryptovest

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