Monday, October 3, 2022
HomeBusinessNorth Korean hackers stole millions of dollars in cryptocurrency from online games

North Korean hackers stole millions of dollars in cryptocurrency from online games

The US has accused North Korean hackers of stealing millions of dollars worth of cryptocurrency from users of the popular online game Axie Infinity. “We know that North Korea generates revenue from illegal activities to manufacture nuclear weapons. It relies on illegal activities to evade US and UN sanctions,” a US Treasury Department spokesman said.

of Reuters Report According to blockchain analytics firms Chainalysis and Elliptic, it has been confirmed that North Korea was behind this hack. A person with knowledge of the matter said that the investigation of the cyber security firm, which has been going on for the last few weeks, is finding the hackers of North Korea. Aleksander Larsen, co-founder of Sky Mavis, a firm associated with Axie Infinity, declined to comment. Sky Mavis hired CrowdStrike to investigate this hack.

Ronin, a blockchain network that lets users deposit and withdraw cryptocurrencies in the game, reported about $615 million worth of cryptocurrency had been stolen about three weeks ago. Ronin’s blog reports that the US Federal Bureau of Investigation (FBI) has blamed the Lazarus Group for the hack and that the Treasury Department has banned the address that received the stolen funds. North Korea’s Intelligence Bureau controls the Lazarus hacking group.

This hacking group has been accused of ransomware attacks, hacking of international banks and customer accounts. The US has asked the UN Security Council to blacklist the Lazarus Group and confiscate its assets. Cybercriminals hacked blockchains last year to steal more than $1.3 billion. cryptocurrency And due to the increasing use of blockchain, cybercriminals are targeting it. In recent months, there have been many such cases in which firms and individuals have suffered huge losses in such cyber attacks. Some of these cases have happened with US firms belonging to the crypto segment.

(This news has not been edited by digitnews.in team. It has been published directly from Syndicate feed.)

- Advertisement -
MOBILE

Auto

Two Wheeler

BUSINESS AND FINANCE

Digit News