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According to Japan News, the North Korean hacker group Lazarus has reportedly launched multiple cyberattacks against Japanese cryptocurrency exchanges.
Japanese police and Financial Services Agency Joint statement Inform the public about hacker tactics and help them take appropriate action.
The Lazarus group reportedly successfully infected their computers with malware by sending phishing emails to employees of cryptocurrency companies. They gained access to compromise the company’s security systems and moved on to steal cryptocurrencies.
According to Japan News, the Lazarus group stole about $45 million (6.7 billion yen) from Zaif crypto exchange in 2018 and another $24 million (3.5 billion yen) from Bitcoin Japan in 2019.
Police have confirmed that some of the attacks were successful, but have yet to release the official amount stolen by the hackers.
Lazarus group and crypto robbery
The Lazarus group has become the most notorious hacker group causing chaos in the crypto space and the traditional financial world.
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In early April 2022, the U.S. Treasury Department named Lazarus as the perpetrator of the $600 million Ronin bridge hack.
Two months later, in June, blockchain analytics firm Elliptics linked Lazarus hackers to the Harmony Horizon Bridge exploit, leading to a loss of $100 million.
A state-backed hacking group is reportedly using stolen funds to support North Korea’s nuclear and ballistic missile projects.
North Korean hackers target cryptocurrencies
The US FBI has warned that North Korean hackers are using false identities to secure jobs in the US and to fund their country’s nuclear power projects.
Cybersecurity firm Mandiant has also warned the public about the strategy of hackers using fake identities of experts to gain access to cryptocurrency companies.
Defiance Capital founder Arthur Cheong had a detailed plan for cryptocurrency organizations to beef up security as North Korean hacker group BlueNorOff employed a sophisticated social engineering scheme.
