April 21, 2025
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FBI accuses North Korean hackers of stealing $620 million in cryptocurrencies

  • April 16, 2022
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Federal Bureau of InvestigationFBI) or the Federal Bureau of Investigation has filed a serious allegation against North Korea. Government-linked hackers stole $600 million worth of cryptocurrencies from a

Federal Bureau of InvestigationFBI) or the Federal Bureau of Investigation has filed a serious allegation against North Korea. Government-linked hackers stole $600 million worth of cryptocurrencies from a video game company last month, according to the agency.

Through our investigation, we were able to confirm that the Lazarus Group and APT38, cyber actors associated with the Democratic People’s Republic of Korea, were responsible for the $620 million Ethereum theft that was reported on March 29th.“, the FBI said in a statement.

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The FBI was referring to the recent hacking of the computer network used by Axie Infinity, a video game that allows players to earn cryptocurrency. Sky Mavis, the company behind Axie Infinity, reported in late March that hackers had stolen about $620 million on March 23rd.

According to the FBI, there is a hacker network called the Lazarus Group. They are believed to work directly for the North Korean government. The US Department of the Treasury authorized the cryptocurrency address used to hack Axie Infinity.

Information indicates that cyberattacks have become the main source of income for the North Korean regime led by Kim Jong-un. According to Chainalysis, a company that tracks digital currency transactions, the Lazarus Group has stolen about $1.75 billion worth of cryptocurrencies in recent years.

Cryptocurrency hacking is essentially robbing an internet bank and funding North Korea’s destabilizing activities and arms proliferation.said Ari Redbord, head of the legal department at TRM Labs, a financial crime investigation company. “As long as they are successful and profitable, they will not stop.

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In Axie Infinity, players participate in battles and receive rewards that can be exchanged for cryptocurrencies or cash. To play, they need to buy at least three Axies, which are NFTs (non-fungible tokens) that are stored on a blockchain or immutable digital ledger.

Anyone who owns Axies can buy, sell or rent them to other players. Owners can also “breed” them to produce new axles with greater value.

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Source: CNN, G1

Source: Mundo Conectado

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