Lazarus Group Archives

North Korea’s Lazarus Group Suspected in $31 Million CoinEx Heist

18Sep

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North Korea’s Lazarus Group Suspected in $31 Million CoinEx Heist

Since June 2023, the Lazarus Group, which has ties to North Korea, has stolen approximately $240 million in cryptocurrencies, a huge increase in its hacking activity. The famed hacker squad is allegedly suspected of stealing $31 million in digital assets from the CoinEx exchange on September 12, 2023, according to numerous reports from Certik, Elliptic, and ZachXBT. The crypto robbery intended for CoinEx is the latest in a succession of recent attacks that also cost $100 million for Atomic Wallet, $37.3 million for CoinsPaid, $60 million for Alphapo, and 41 million for Stake.com. Some of the CoinEx money that was stolen was sent to an address that the Lazarus gang had previously used to launder money from Stake.com read more North Korea's Lazarus Group Suspected in $31 Million Co...

Lazarus Group Exploits Critical Zoho ManageEngine Flaw to Deploy Stealthy QuiteRAT Malware

A significant security weakness affecting Zoho ManageEngine ServiceDesk Plus that has since been patched has been seen being used by the Lazarus Group, a threat actor with ties to North Korea, to spread a remote access trojan known as QuiteRAT. Healthcare organizations in Europe and the United States are among the targets, according to a two-part research by cybersecurity company Cisco Talos. A new threat known as CollectionRAT has also been found after a deeper look at the adversary's recycling attack infrastructure in its cyberattacks on businesses. Talos noted that the Lazarus Group's continued reliance on the same tradecraft in spite of the components' extensive historical documentation demonstrates the threat actor's confidence in their operations read more Lazarus Group Exp...

Crypto payments platform CoinsPaid loses $37M, points finger at Lazarus Group

A cyberattack on the European cryptocurrency payment network CoinsPaid resulted in the loss of $37.3 million. The Estonian company boasts a "record low" reward for the cybercriminals even though it accuses the Lazarus Group in North Korea as being the guilty party. Previous crypto heists by Lazarus Group cost hundreds of millions of dollars or more in losses. For instance, they have stolen $625 million worth of cryptocurrencies from the Ronin exchange, $721 million worth of bitcoin assets from Japan since 2017, and most recently $64 million in connection with the Harmony blockchain attack. The 37.3 million USD are insignificant compared to the Estonian crypto company. According to CoinsPaid's news statement, "In response to the attack, the company's dedicated team of experts has wor...