The US Treasury Department on Thursday sanctioned Lazarus Group, a wide swath of hackers believed to work on behalf of the North Korean government. Treasury sanctioned the specific “wallet,” or cryptocurrency address, that was used to cash out on the Axie Infinity hack.
“A hack of a cryptocurrency business, unlike a retailer, for example, is essentially bank robbery at the speed of the internet and funds North Korea’s destabilizing activity and weapons proliferation,” said Ari Redbord, head of legal affairs at TRM Labs, a firm that investigates financial crime. “As long as they are successful and profitable, they will not stop.”
Google has a policy of notifying users who are targeted by state-sponsored hackers.
“It seems to be an ongoing strategy for them to supplement and make money through this activity,” Huntley told CNN.
Read More:FBI says North Korean hackers stole more than $600 million in cryptocurrency in single hack
2022-04-15 02:09:00