Lazarus group's 5 transactions link them to Web3 attacks
Binance’s CEO believes The Lazarus Group are a growing thread for the entire financial industry.
This comes while the digital community is reeling from various cyber attacks that have affected several major Web3 entities.The infamous Lazarus Group, supported by North Korea, is still causing chaos in the Web3 community. Following their well-known exploit of the Ronin bridge in 2022, which resulted in a loss of $650 million, the group has beenThese incidents have led to a total loss of $291.3 million for the Web3 community across the five major incidents. This figure represents 77.
Web3 leaders are now calling for a coordinated global response. “These attacks demonstrate the urgent need for advanced security protocols and international cooperation,” says Zhao Changpeng, CEO of Binance. “We are dealing with state-backed actors with vast resources. This is not just an industry concern, but a global security issue.”
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