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Japan says North Korean hackers behind $308M Bitcoin theft in May

The hacker group TraderTraitor, based in North Korea, is likely responsible for the $308 million Bitcoin theft from a Japanese cryptocurrency exchange in May, according to Japan's National Police Agency.
The police tracked the stolen Bitcoin flow to an account managed by TraderTraitor, which is suspected to be linked to the Lazarus hacking group sponsored by the North Korean government.
The theft forced the exchange, DMM Bitcoin, to close its doors after suspending services due to unauthorized fund leakage detected on May 31.
U.S. Authorities have been monitoring TraderTraitor's activities since 2022, when it began targeting the blockchain space with fake apps.

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UPI

Authorities say North Korean hackers responsible for $308M Bitcoin theft in Japan

Japan's National Police Agency said on Tuesday that the hacker group TraderTraitor, which is based in North Korea, is likely responsible for a May hack that allowed $308 million in Bitcoin to be taken from a Japanese cry

2 months ago·Washington, United States

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World Tribune: Window on the Real World

Slick: North Korean spies made an industry of infiltrating U.S. IT departments

FPI / December 25, 2024 Geostrategy-Direct When a Florida-based cybersecurity firm was looking for a highly qualified candidate to fill a software engineer position, “Kyle” seemed like a perfect fit. After the firm, KnowBe4, offered “Kyle” the position, he asked his new employers to send his work laptop to an address in Washington state. “Kyle” […]

2 months ago

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DNyuz

Hyperliquid Sees Massive Outflows Amid Concerns Over Alleged Presence Of North Korea-Linked Hackers

Layer 1 cryptocurrency derivatives platform Hyperliquid has suffered a massive blow amid rising fears over the platform’s security after a security expert revealed that hackers linked to North Korea (the Democratic People’s Republic of Korea) had been using the Hyperliquid platform for at least a few months now. Despite the news, the price of HYPE, the platform’s native token, remains in the green and is up by nearly 4% in the last 24 hours. On …

2 months ago

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Kronen Zeitung

North Korean hackers land million-dollar coup

According to Japanese and US sources, North Korean hackers have stolen millions in digital currencies. As the Japanese police announced on Tuesday, cryptocurrencies worth more than 300 million dollars (around 288 million euros) were stolen from the Japanese crypto exchange DMM Bitcoin. The crime was committed by the TraderTraitor group. According to the US Federal Bureau of Investigation (FBI), these are "North Korean cyber actors". The group is…

2 months ago·Vienna, Austria

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