Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

Cryptocurrency Heists by Lazarus APT

September 19, 2023
Reading Time: 2 mins read
in News

North Korea’s Lazarus APT group has executed a series of high-value cryptocurrency heists, amassing over $240 million since June 2023, according to a report by Elliptic, a blockchain cybersecurity firm.

Furthermore, their targets included Atomic Wallet ($100 million), CoinsPaid ($37.3 million), Alphapo ($60 million), and Stake.com ($41 million). The group is also suspected of stealing $31 million from CoinEx, a prominent global cryptocurrency exchange. Elliptic’s analysis reveals that some of the stolen funds were laundered through various blockchain networks, indicating the Lazarus group’s evolving tactics.

The report highlights the escalation in Lazarus’ cyber operations, with five confirmed attacks on cryptocurrency entities since June 2023, including a suspected breach of CoinEx in September.

Notably, the group has transitioned from targeting decentralized services to centralized ones, primarily centralized virtual asset service providers, reflecting a tactical shift motivated by increased cybersecurity measures in the decentralized finance (DeFi) sector. These centralized exchanges are more vulnerable to social engineering attacks, emphasizing the need for robust cybersecurity in the crypto industry.

The research underscores the significant financial impact of private key breaches, totaling approximately $291.3 million, with 77.7% stemming from the five major incidents covered in the analysis. In September alone, losses exceeded $120 million, largely attributed to the Stake.com and CoinEx exploits.

The Lazarus group’s modus operandi involves spear-phishing Web3 company personnel to compromise sensitive credentials, prompting a call for heightened vigilance among employees in the Web3 sector, especially regarding unsolicited job offers with enticing compensation packages.

Reference:
  • How the Lazarus Group is stepping up crypto hacks and changing its tactics
  • #CoinExResponseUpdate – We’ve identified the 4th series of suspicious wallet addresses.
Tags: Advanced Persistent ThreatAPTCryptocurrenciesCyber NewsCyber News 2023CybersecurityLazarus groupNorth KoreaSeptember 2023
ADVERTISEMENT

Related Posts

Cloudflare Mitigates 22Tbps DDoS Attack

Secret Service Dismantles UN Telecom Threat

September 24, 2025
Cloudflare Mitigates 22Tbps DDoS Attack

Firefox Lets Devs Roll Back Bad Updates

September 24, 2025
Cloudflare Mitigates 22Tbps DDoS Attack

Cloudflare Mitigates 22Tbps DDoS Attack

September 24, 2025
TradeOgre Exchange Dismantled In Canada

TradeOgre Exchange Dismantled In Canada

September 22, 2025
TradeOgre Exchange Dismantled In Canada

Kremlin Hack Groups Team Up ESET Says

September 22, 2025
TradeOgre Exchange Dismantled In Canada

Qilin Still Top Ransomware Group Globally

September 22, 2025

Latest Alerts

Hackers Target AWS and Steal Credentials

SonicWall SMA100 Update Removes Rootkit

BadIIS Malware Spreads Via SEO Poisoning

SonicWall Warns Reset After Exposure

Infostealer Hits macOS Users Widely

FBI Issues Warning on Spoofed IC3 Website

Subscribe to our newsletter

    Latest Incidents

    Boyd Gaming Reports Data Breach After Attack

    Morrisroe UK Company Hit By Cyber Attack

    GeoServer Flaw Breaches US Agency Network

    Steam Game Steals Streamer Donations

    Ransomware Gang Hacks Spartanburg County

    Cyberattack Hits Europe Airport Systems

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial