North Korean Lazarus Group Linked to $44.2 Million CoinDCX Crypto Heist
Main Idea
The North Korean Lazarus Group is linked to a $44.2 million cyberattack on Indian crypto exchange CoinDCX, with stolen funds laundered through cross-chain bridges and Tornado Cash.
Key Points
1. The cyberattack on CoinDCX resulted in a loss of $44.2 million, attributed to the North Korean Lazarus Group.
2. Funds were moved using cross-chain bridges and laundered through Tornado Cash.
3. CoinDCX confirmed users' assets were unaffected, with losses covered by the company.
4. The exchange announced a bounty program offering a 25% reward for recovering stolen funds and identifying attackers.
5. CoinDCX co-founder Sumit Gupta emphasized the importance of identifying and catching those responsible for the attack.
Description
The cyberattack on the Indian crypto exchange CoinDCX, which resulted in a loss of $44.2 million, has been linked to the North Korean Lazarus Group. This was reported by CryptoSlate, citing Deddy Lavid, CEO of Cyvers. Lavid noted that the attackers acted according to a scheme very similar to previous operations conducted by DPRK (North Korean) hackers. One of the distinctive features of their tactics is the use of the cryptomixer Tornado Cash and cross-chain bridges to conceal the flow of funds....
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