Lazarus Group News

The Venn Network team suspects the threat was linked to the North Korean Lazarus Group, citing its complexity and widespread deployment.

TRM Labs said North Korea is moving away from hacks to focus more on deception-based revenue generation, such as planting IT workers in US companies.

The stablecoin giant froze over $12.3 million worth of funds, pointing to potential illicit activity or AML violations.

The analysis by the BitMEX security researchers revealed amateur-level operational security lapses in the Lazarus Group’s hacker network.

OKX said its upgrades to the re-launched DEX aggregator include measures to identify suspicious or fraudulent onchain activity from hackers and other bad actors.

Kraken says a North Korean actor applied for a tech job at the crypto exchange but foiled their plan after a tip-off from industry partners.

The US government and global regulatory efforts had a major effect on crypto compliance over the past few years, according to Elliptic's James Smith.

Crypto hackers have already surpassed the $1.49 billion stolen during 2024, according to Immunefi’s latest research.

Almost 70% of the stolen Bybit funds “remain traceable,” said CEO Ben Zhou, who is pinning his hopes on bounty hunters to decipher crypto mixers used to launder the loot.

Bybit’s market share rebounded to its pre-hack levels of over 7% despite a broader macro “de-risking” among cryptocurrency investors.

Cyberattacks originating from the country range from social engineering attempts to assaults on exchanges and can take a year to play out.

North Korea’s pause in cyberattacks during late 2024 may have been a resource reallocation ahead of the largest cryptocurrency hack in history.

The removal follows a January ruling by a US appeals court saying the sanctions were unlawful.

Bybit has already paid out $2.2 million for “bounty hunters” who can provide valuable information on the Lazarus Group’s transaction patterns related to the stolen funds.

CertiK’s chief business officer, Jason Jiang, tells The Agenda that a lack of comprehensive regulation has made the fallout from the hack even worse.