Lazarus Group Suspected in $54M Coinex Hack Following Recent Stake.com Breach

The North Korean hacking syndicate Lazarus Group was apt down the caller Coinex hack connected Tuesday, according to onchain expert Zachxbt. He revealed that the hackers inadvertently connected the funds to the caller Stake.com breach.

North Korean Hackers Potentially Net $95M successful a Week

On Tuesday, Coinex was hacked, losing astir $54 million, which included 231 BTC, 6,559 ETH, 137.128 cardinal TRX, and respective cardinal successful assorted ERC20 tokens and stablecoins. Coinex informed the assemblage astir the hack aft blockchain monitoring firms detected that the wallets were being drained. New findings suggest the hackers are apt from the North Korean hacking syndicate Lazarus Group.

Lazarus Group has operated since astatine slightest 2009 and is tied to respective notable cyberattacks. These see the 2017 Wannacry ransomware attack, the 2014 hack of Sony Pictures, and important attacks against crypto exchanges since 2017. The radical is believed to beryllium associated with the Reconnaissance General Bureau, a North Korean subject quality agency. It’s recognized for its precocious tactics and techniques.

Four days ago, the U.S. Federal Bureau of Investigation (FBI) disclosed that Lazarus Group was down the caller Stake.com theft, which resulted successful a nonaccomplishment of astir $41 cardinal successful crypto. On Sept. 13, 2023, a time aft the Coinex incident, salient onchain expert Zachxbt revealed the nexus to North Korea’s Lazarus Group connected the societal media level X. Zachxbt said:

It appears North Korea is besides liable for the $54M [Coinex] hack from yesterday aft they accidentally connected their code to the $41M Stake hack connected OP [and] Polygon.

If Lazarus Group is to blame, the North Korean hackers took $95 cardinal from 2 exchanges successful little than a week. Exchanges and crypto businesses are apt connected precocious alert pursuing these events, but the method utilized by the hackers remains unknown.

What bash you deliberation astir Lazarus Group being blamed for the caller Coinex breach? Share your thoughts and opinions astir this taxable successful the comments conception below.