FBI Connects North Korean Lazarus Group to $41M Stake.com Cryptocurrency Theft

The FBI has recently connected the North Korean-backed Lazarus Group to a massive cryptocurrency theft from the popular crypto-trading platform Stake.com. The theft, which occurred in July 2020, resulted in the loss of $41 million worth of cryptocurrency.

The Lazarus Group is a well-known hacking group that is believed to be sponsored by the North Korean government. The group is responsible for numerous cyberattacks, including the WannaCry ransomware attack of 2017 and the Sony Pictures hack of 2014.

The FBI has been investigating the theft since July and has now linked the Lazarus Group to the attack. According to the FBI, the hackers used a combination of malware and phishing attacks to gain access to Stake.com’s servers and wallets. Once inside, they were able to steal the cryptocurrency from the platform.

The FBI has also identified several individuals associated with the Lazarus Group who are believed to be responsible for the attack. The FBI is now working with international law enforcement agencies to bring these individuals to justice.

The theft from Stake.com is just one of many recent cyberattacks targeting cryptocurrency exchanges. In the past year, there have been numerous high-profile hacks resulting in millions of dollars worth of cryptocurrency being stolen.

The FBI is urging cryptocurrency users to take steps to protect their funds. This includes using strong passwords, enabling two-factor authentication, and using a secure wallet to store their funds. Additionally, users should be wary of any suspicious emails or links they receive and never provide personal information or passwords to anyone.

The FBI’s investigation into the Stake.com theft is ongoing, and it is likely that more information will be revealed in the coming weeks and months. In the meantime, it is important for cryptocurrency users to remain vigilant and take steps to protect their funds from cybercriminals.