North Korea's Lazarus Group Suspected in $31 Million CoinEx Heist
Sep 17, 2023
Cryptocurrency / Cyber Attack
The North Korea-affiliated Lazarus Group has stolen nearly $240 million in cryptocurrency since June 2023, marking a significant escalation of its hacks. According to multiple reports from Certik , Elliptic , and ZachXBT , the infamous hacking group is said to be suspected behind the theft of $31 million in digital assets from the CoinEx exchange on September 12, 2023. The crypto heist aimed at CoinEx adds to a string of recent attacks targeting Atomic Wallet ($100 million), CoinsPaid ($37.3 million), Alphapo ($60 million), and Stake.com ($41 million). "Some of the funds stolen from CoinEx were sent to an address which was used by the Lazarus group to launder funds stolen from Stake.com, albeit on a different blockchain," Elliptic said. "Following this, the funds were bridged to Ethereum, using a bridge previously used by Lazarus, and then sent back to an address known to be controlled by the CoinEx hacker." The blockchain analytics firm said the late