Lazarus Group, the hacker group believed to be sponsored by the North Korean government, is allegedly responsible for attacking CoinEx, a crypto exchange, according to blockchain security experts SlowMist and on-chain sleuth ZachXBT.

Wallets involved in draining funds from CoinEx on Sep. 12 also participated in stealing $41 million from Stake.com, the crypto casino. Attackers siphoned millions in digital assets from the operators’ hot wallets in both cases.

The Federal Bureau of Investigation (FBI) attributed Stake’s exploit to Lazarus, meaning that the same cyber actors most likely targeted the crypto exchange as well. On-chain data also indicates a network of addresses tied to the thefts on CoinEx and Stake dot com.

SlowMist’s report on the matter noted that the Stake exploiter and the Alphapo hacker share an address, both believed to be controlled by Lazarus.

The crypto community was alerted to a “security incident” affecting CoinEx’s hot wallets on Tuesday, Sep. 12. Losses were initially estimated at $27.8 million but further analysis highlighted that hackers stole up to $55 million in cry

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Author: Naga Avan-Nomayo

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