North Lazarus Hacks Cryptocurrency Company Again, Stealing 47 Billion Won

Coinspade "Strengthening Backtracking and Response Measures"

North Korean hacking group Lazarus is reported to have hacked Estonian cryptocurrency company 'CoinsPaid' and stolen virtual assets worth $37.3 million (approximately 47.7 billion KRW).

Voice of America (VOA) reported on the 30th that 'CoinsPaid' recently posted a statement containing this information on its website. According to the statement, CoinsPaid revealed that it was hacked on the 22nd and lost $37.3 million.

Hacker image. [Photo by Pixabay]

CoinsPaid explained the incident, stating, "It is presumed to be the work of the Lazarus group, one of the most powerful hacking organizations (North Korea)." Immediately after the attack, its dedicated response team cooperated with international cybersecurity firms to trace the perpetrators and strengthen countermeasures. They also added, "An official report has been submitted to Estonian law enforcement agencies."

Recently, North Korea's hacking attacks targeting companies in the information technology (IT) sector, including cryptocurrency firms, have been occurring repeatedly.

In early last month, Estonian decentralized cryptocurrency wallet service 'Atomic Wallet' suffered damages exceeding 100 billion KRW due to a hacking attack by Lazarus. The U.S. IT company 'Jump Cloud' also pointed to North Korea as behind a hacking incident.

Lazarus, a hacker group under North Korea's Reconnaissance General Bureau, became known after hacking the U.S. Sony Pictures in 2014. In 2016, they hacked the Bangladesh Central Bank and stole $81 million. In 2017, they spread the 'WannaCry' ransomware, causing large-scale damage in over 150 countries worldwide.

This content was produced with the assistance of AI translation services.