North Korean Hacking Group Steals $1 Billion in Ethereum from South Korean Exchange

Investigation Reveals Massive Cryptocurrency Theft

South Korean authorities confirm the theft of 342,000 Ethereum.

Stolen Ethereum valued at over $1 billion due to market increases.

Global Collaboration Uncovers North Korean Involvement

Blockchain analysis and IP tracking used to trace stolen funds.

FBI supports investigation, highlighting its international scope.

Efforts to Recover Stolen Cryptocurrency Bear Fruit

57% of stolen Ethereum converted into Bitcoin by North Korean exchanges.

Remaining funds distributed across 51 international exchanges for laundering.

Lazarus Group: Financing North Korea’s Illicit Activities

Lazarus Group linked to North Korean government, known for cybercrime since 2009.

Andariel, a subdivision of Lazarus, focuses on financial cyberattacks, targeting banks and cryptocurrency platforms.

Global Cooperation Critical in Combatting Cybercrime Threats

South Korean police emphasize need for international collaboration in addressing cyber threats.

Efforts to recover stolen funds highlight the persistent nature of North Korea’s illicit activities.