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Norway recovers nearly $6M from 2022’s infamous Ronin hack
Working with the FBI and DOJ, Norway successfully recovered $5.9 million worth of digital currencies from the Ronin hack perpetuated by the Lazarus Group.
Working with the FBI and DOJ, Norway successfully recovered $5.9 million worth of digital currencies from the Ronin hack perpetuated by the Lazarus Group.
Apart from the four individuals sanctioned by South Korea for plotting and initiating cyberattacks, seven institutions were also penalized for backing North Korea's missile development.
North Korea relies on hacker groups affiliated with its intelligence agency, including the infamous Lazarus Group, Reuters reported quoting a report by the United Nations.
The FBI investigated the attacks for over six months with help from the National Cryptocurrency Enforcement Team, the U.S. Attorney’s Offices of California, and the District of Columbia.
Working similarly with other hacking gangs, BlueNoroff uses fake websites and mimics popular VC firms and financial institutions to scam victims in Europe and the Far East, particularly in Japan.
An investigation by cybersecurity firm Slowmist revealed that the North Korean hackers are working with bad actors from Eastern Europe to steal NFTs using decoy websites.
The latest threat saw the North Korean-linked hackers target digital asset investment companies on Telegram by joining investment groups on the chat platforms, according to Microsoft.
Law enforcement authorities in Japan have published a public attribution statement claiming Lazarus has been mainly using phishing tactics to target digital asset business in Japan.
OFAC said that The Lazarus Group used Tornado Cash to launder and steal digital currencies. The Treasury Department would also continue to pursue mixers laundering "virtual currency for criminals."
According to Elliptic, the methods used by the hackers in carrying out the hack and laundering the funds are reminiscent of other incidents that have been linked to the Lazarus Group.
BSV Blockchain launched an online platform in China called the "CSDN Blockchain Engineer Qualification program," which aims to help bitcoin beginners learn how to store data in a Bitcoin network.
The U.S. Treasury connected the theft to the North Korean hacker group Lazarus Group it also added the related Ethereum address to its sanctions list.