DMM Bitcoin Hack: Security Expert Points to North Korea's Lazarus Group

IconCryptoNewsTerminal Staff14 Jul, 2024

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DMM Bitcoin Hack: Security Expert Points to North Korea's Lazarus Group

DMM Bitcoin Hack: Security Expert Suspects North Korea's Lazarus Group Blockchain security expert ZachXBT has suggested that the recent hack of cryptocurrency exchange DMM Bitcoin may have been perpetrated by the North Korean hacker group Lazarus. The expert believes that the hacker, who laundered approximately $35 million through Huione Guarantee, an online marketplace operated by the Cambodian conglomerate Huione Group, is likely affiliated with Lazarus based on the money laundering method and off-chain indicators. This incident highlights the ongoing threat posed by cybercriminals and the importance of robust security measures in the cryptocurrency industry.