Fbi Raises Concerns Over Dprk's Role In Cryptocurrency Heists

(MENAFN- CoinXposure) In a recent press release, the FBI expressed concern about the Democratic People's Republic of Korea's (DPRK) involvement in a surge in blockchain activity linked to the seizure of substantial Cryptocurrency assets.

The notoriLazaGroup, APT38, and TraderTraitor are allegedly responsible for these cybercrimes.

In the past twenty-four hours, the FBI has closely monitored the movements of hundreds of millions of dollars worth of stolen cryptocurrency.

It is suspected that the DPRK, through its TraderTraitor-affiliated agents, will attempt to liquidate its astounding $40 million worth of bitcoin holdings.

The extensive investigation conducted by the FBI has led to the discovery of approximately 1,580 bitcoins stolen in multiple cryptocurrency heists and presently held at varibitcoin addresses .

The fact that TraderTraitor-affiliated parties control these assets raises concerns about the market's potential repercussions.

TraderTraitor-affiliated and DPRK-affiliated individuals are culpable for numersizeable international cryptocurrency thefts.

Alphapo was defrauded of $60 million in virtual currency on June 22, 2023; CoinsPaid of $37 million on the same day; and Atomic Wallet of $100 million on June 2, 2023.

The FBI also described previattacks by the same group on the Horizon Bridge and Ronin Bridge in Sky Mavis.

In light of these revelations, the FBI has issued a solid advisory to the private sector, emphasizing the critical need to scrutinize blockchain data associated with the implicated addresses.

A call for increased vigilance is resonating, urging a comprehensive evaluation of all the transactions related to these addresses, whether directly or indirectly.

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The FBI's unwavering commitment to combating the DPRK's illicit activities, including cybercrime and cryptocurrency theft, persists as they work to eliminate the regime's revenue sources.

The LazaGroup, notorifor employing the TraderTraitor toolkit, has infiltrated cryptocurrency companies and exchanges using its arsenal of cyber tools.

Their mooperandi typically entails initiating attacks with fraudulent emails to trick personnel into downloading a virus-infected file.

This strategy has produced notable results, with the LazaGroup leaving an indelible mark on the cybercrime landscape.

As concerns increase over the astronomical value of cryptocurrency assets held by this DPRK-affiliated group, the FBI's foon these cyber activities highlights the ongoing fight against digital larceny and the covert financial foundations of rogue regimes .



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