North Korean Hackers Lazarus Group Stolen $3B in Cryptocurrency

North Korea-linked hacker organization Lazarus Group has stolen $3 billion in cryptocurrency over the past six years, according to a report by cybersecurity firm Recorded Future. $1.1 billion was stolen from decentralized finance (DeFi) platforms. A September report published by the U.S. Department of Homeland Security (DHS) as part of its Analytic Exchange Program (AEP) also highlighted Lazarus’s exploitation of DeFi protocols. The U.S. Treasury Department introduced new sanctions against North Korea’s cyber activities, adding ‘Sinbad’ to the Office of Foreign Assets Control’s specially designated sanctions list. Sinbad has been implicated in laundering the cryptocurrencies stolen by the Lazarus Group. The group is known to have used Sinbad’s mixer services to hide the origins of the stolen funds. Such mixers obscure individual transaction trails by blending multiple users’ transactions. In 2018, they hacked the Japanese cryptocurrency exchange Coincheck, diverting $530 million, and attacked the Central Bank of Malaysia, stealing $390 million.