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Showing posts with the label #cryptocurrencysecurity #protectyourassets #cyberattacks #digitalage #stayinformed.

Bitcoin DeFi application Alex Lab attributes $4 million exploit to North Korea's Lazarus Group

The Attack The attack, which occurred on June 11th, targeted the cryptocurrency exchange Bitfinex and resulted in the theft of over $30 million worth of various cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. This attack was carried out using a sophisticated combination of social engineering and malware, and it was initially believed to be the work of a lone hacker or group of hackers. Investigation and Evidence However, after an investigation by Alex Lab, it was found that the attack was actually orchestrated by the infamous Lazarus Group, a well-known North Korean hacker collective. This group has been responsible for numerous high-profile cyber attacks in recent years, including the WannaCry ransomware attack in 2017. Link to Cryptocurrency The use of cryptocurrency in this attack is not surprising, as it has become a popular target for hackers and cyber criminals due to its decentralized nature and perceived anonymity. This attack serves as a reminder for cry...