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North Korean hackers cash out $300m from record-breaking crypto heist

North Korean hackers news
Park Jin Hyok is one of the alleged Lazarus Group hackers / FBI.

Hackers linked to North Korea’s Lazarus Group have successfully laundered at least $300 million (USD) of the $1.5 billion stolen in a recent attack on crypto exchange ByBit.

The cybercriminals, working nearly 24/7, are believed to be funneling the funds into the regime’s military and nuclear programs.

The hack, executed on February 21, involved altering a digital wallet address to divert 401,000 Ethereum coins.

Efforts to track and block the stolen funds have met challenges, with some exchanges like eXch accused of enabling cash-outs. ByBit has replenished customer funds and launched a bounty program to trace and freeze stolen assets, with $40 million already flagged.

However, experts warn that North Korea’s advanced laundering tactics make full recovery unlikely, reinforcing its reputation as the world’s most effective state-backed cybercriminal network.

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5 COMMENTS

  1. The bigger criminals are those who use war and death to make money. Right USA, UK, Australia, Canada, Germany and sadly, to a modest degree (if such a limiting consideration can morally be applied), even NZ.

    • What about France ? you mean macron ? he is a deranged cocaine addict
      rothchild’s and blackrock’s puppet .
      The j€ws have taken over french msm and are spreading their nefarious propaganda.
      That is what France has become under their influence. Everything they touch rots

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