North Korean hackers may attempt to cash out more than $40 million worth of bitcoin, the latest crypto-related crime effort connected to the country.
The North Korea-affiliated Lazarus Group and APT38 are believed to be behind a series of cryptocurrency hacks earlier this year. This includes a $60 million theft from the payment processor Alphapo and the theft of $100 million in assets from the crypto company Atomic Wallet.
Lazarus and APT38 were behind a number of cryptocurrency hacks over the last few years. The bureau confirmed in January that Lazarus was behind the theft of $100 million of ethereum from the crypto bridge Harmony. Crypto bridges are used to transfer cryptocurrencies from one network to the other.At least one crypto protocol, or software used to anonymize crypto transactions, was sanctioned by the Treasury Department for assisting Lazarus.
North Korean hackers have stolen more than $2 billion in cryptocurrency since 2018, according to the blockchain intelligence company TRM Labs.
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