$30 million stolen cryptos recovered from Hackers – Katoch Tubes

North Korean hackers caught in the act

What's the news?

More than $30 million of cryptocurrency have been recovered from North Korea's Lazarus Group. The most active hackers in the industry

Who does it belong to?

5 months back, hackers exploited Ronin network & stole $630 million worth of ETH/USDC from Axie Infinity Ronin's chain.

How they operated?

The Lazarus Group stole the funds & used crypto mixers  like Tornado cash to circulate funds by hiding the source of origin of cryptocurrencies

How were they caught?

Since the crypto mixers were banned by US Govt. The hackers tried to use crypto bridges to transfer ETH to BNB chain where the funds were seized by the authority. 

Total ETH Stolen

Approximately 173,600 ETH worth $595 million were stolen along with USDC worth $25.5 million and other cryptos on the chain

Why North Korea?

Its the modus operandi of Lazarus Group to steal funds esp. from sanctioned nations to fund North Korea's financial operations.

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