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A North Korean state-sponsored hacker group has stolen approximately $41 million worth of crypto from an online casino.
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The group has stolen more than $200 million worth of crypto this year alone, the FBI said.
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According to the FBI, North Korea relies on online hacking to generate revenue for the regime.
A notorious North Korean hacker group stole approximately $41 million worth of cryptocurrencies from an online casino and gambling platform this week, according to the FBI.
According to the FBI, the cyber group has stolen more than $200 million this year alone.
In the latest incident, the FBI said the North Korean state-sponsored Lazarus Group hacked Stake.com on Monday.
The hackers moved millions in Ethereum, Binance Smart Chain (BSC) and Polygon from Stake.com to 33 different cryptocurrency addresses, the FBI said in a statement.
Representatives for Stake.com did not immediately respond to a request for comment from Insider on Friday, but Edward Craven, co-founder of the online casino, told the outlet DL News that the cyberattack was a “sophisticated breach.”
“The loss of money is by no means a trivial amount, but this attack has not materially affected Stake’s business,” Craven said.
According to the FBI, the Lazarus Group – which was cleared by the US Treasury Department’s Office of Foreign Assets Control in 2019 – is behind several other high-profile international crypto heists.
The group has stolen more than $200 million worth of cryptocurrencies so far in 2023, including $60 million in July from Alphapo, a centralized crypto payment provider for gambling sites, and CoinsPaid, a crypto exchange based in Estonia. The FBI also said the group stole $100 million from Atomic Wallet, a cryptocurrency wallet, in June.
The US government has said operations by North Korean hackers help generate money on behalf of the impoverished country’s regime to, in part, finance its nuclear weapons and ballistic missile programs.
The FBI said this week that it will continue to expose North Korea’s use of “illegal activities to generate revenue for the regime, including cybercrime and theft of virtual currencies.”
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