Million Dollar Cryptocurrency Hack Revealed! Perpetrator: North Korea Again

Cryptocurrency exchange CoinEx fell victim to a $55 million cyber attack on September 12. The latest reports indicate that the famous North Korean hacking group was behind the attack.

CoinEx perpetrators revealed: Famous cryptocurrency hackers are active again

Today, evidence emerged that the CoinEx attack is linked to the recent cyberattack on betting platform Stake.com. It is thought that both attacks were carried out by the same group. The FBI stated that the attack on Stake.com was directed by the Lazarus Group.

Analysis shows that those who conducted both attacks used the same Ethereum wallet. ZachXBT states that this wallet received funds from Stake.com and interacted with the wallet to which the stolen funds from CoinEx were transferred. cryptokoin.com As we reported, Lazarus was responsible for the biggest hacking incidents in the cryptocurrency market.

Stolen cryptocurrencies and the latest status of CoinEx

The total value of assets stolen from the CoinEx attack, initially estimated at $28 million, has increased to $55 million, according to data compiled by security firm SlowMist. Stolen assets include $6 million worth of Bitcoin and $18.5 million worth of ETH. The hackers also seized $6 million worth of XRP.

Following the attack, CoinEx announced that it had temporarily suspended deposits and withdrawals while an investigation was carried out. The exchange promised 100 percent compensation to affected users.

Cybersecurity experts warn that such attacks may increase by targeting cryptocurrency exchanges. CoinEx officials promised to increase security measures to provide a safer service to its users. It is not yet clear whether the Lazarus group is behind this attack. However, available evidence shows that the group may be behind the attacks.

CoinEx guarantees 100% compensation

Suspicious withdrawal transactions that occurred on September 12 put the CoinEx exchange on alert. Immediately after the incident, the CoinEx team guaranteed 100% compensation to its customers. The team immediately issued a statement after detecting the abnormal withdrawal transactions. Then, he quickly formed a research team. This team promised to provide full compensation to damaged users. The cryptocurrency exchange assures its users that their assets are safe and that withdrawals will continue after a thorough review.

Lazarus was the perpetrator of a series of crypto hacking attempts

The name of the North Korean hacker group Lazarus is mentioned in a series of cryptocurrency hacking incidents in 2023. Famous hackers stole $60 million this year from Alphapo and CoinsPaid platforms alone on July 22. Additionally, on June 2nd, he not only stole $100 million from Atomic Wallet, but also attacked Harmony’s Horizon bridge and Sky Mavis’ Ronin bridge.

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