Key Points:
The FBI suspects that North Korea might seek to liquidate these digital holdings and, as a result, urges private entities to exercise vigilance and avoid transactions with the identified addresses or any associated ones.
Attributed to the North Korea-based Lazarus Group and APT38, these cyberattacks encompassed a series of cryptocurrency breaches earlier this year.
Six wallets, harboring a collective sum of 1,580 bitcoins ($41 million), were ascertained to be linked to these hacker collectives. The FBI has therefore cautioned cryptocurrency enterprises against engaging with these wallets.
The malevolent actions are attributed to DPRK TraderTraitor-affiliated actors, who executed a string of high-profile international cryptocurrency heists.
These include the $60 million virtual currency appropriation from Alphapo on June 22, 2023, and the $37 million virtual currency breach on the same day from CoinsPaid. An additional $100 million worth of virtual currency was misappropriated from Atomic Wallet on March 2.
Private sector entities are advised to meticulously review the blockchain data linked to the flagged addresses, taking precautionary measures to prevent any direct transactions or involvement stemming from these sources.
The FBI remains steadfast in its commitment to exposing and countering North Korea’s employment of illegal activities, including cybercrime and virtual currency theft, to amass revenue for the regime.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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