The Federal Bureau of Investigation (FBI) is warning crypto investors that North Korean hackers plan to release tens of millions of dollars worth of stolen Bitcoin (BTC) to the market.
In a new press release, the enforcement agency says they have identified wallet addresses associated with the North Korean hacking group TraderTraitor, also known as Lazarus, and warns investors that they may be looking to cash out $40 million in BTC.
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“The FBI is warning cryptocurrency companies about recent blockchain activity related to the theft of hundreds of millions of dollars worth of cryptocurrency. For the past 24 hours, the FBI has tracked down cryptocurrency stolen by Democratic People’s Republic of Korea (DPRK) TraderTraitor affiliates (aka Lazarus Group and APT38).
The FBI thinks the DPRK could try to cash out Bitcoin worth more than $40 million. The FBI investigation revealed that the TraderTraitor-affiliated actors have moved about 1,580 Bitcoin from various cryptocurrency heists and are currently holding that money in custody. [the] following Bitcoin addresses:
- 3LU8wRu4ZnXP4UM8Yo6kkTiGHM9Bubgyi
- 39idqitN9tYNmq3wYanwg3MitFB5TZCjWu
- 3AAUBbKJorvNhEUFhKnep9YTwmZECxE4Nk
- 3PjNaSeP8GzLjGeu51JR19Q2Lu8W2Te9oc
- 3NbdrezMzAVVfXv5MTQJn4hWqKhYCTCJoB
- 34VXKa5upLWVYMXmgid6bFM4BaQXHxSUoL”
The FBI notes that North Korean hackers were responsible for several high-profile crypto heists in June, including $60 million from crypto payment provider AlphaPo, $37 million from crypto wallet provider CoinsPaid, and $100 million from crypto wallet provider Atomic Wallet.
Other crypto entities targeted by the group include Harmony’s (ONE) Horizon Bridge and Sky Mavis’ Ronin Bridge (RON), according to the press release.
According to the Bureau, investors should know about the addresses associated with the hackers and avoid any connection with them.
“Private sector entities should investigate the blockchain data associated with these addresses and be vigilant in protecting against transactions directly with or derived from the addresses. The FBI will continue to expose and combat the DPRK’s use of illegal activities – including cybercrime and theft of virtual currencies – to generate revenue for the regime.”
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