• May 18, 2024

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US Imposes Sanctions Against Lazarus Group

ByLouis Adams

Apr 18, 2022 #Hackers, #US
Reading time: < 1 minute

The US authorities have imposed restrictions on North Korea-associated Lazarus Group.

The US Ministry of Finance has blacklisted an Ethereum wallet owned by the group. The Ministry of Finance claims the hackers are based in Pyongyang.

At the same time, the US Federal Bureau of Investigation (FBI) has announced the involvement of the Lazarus Group and another APT3 hacker group in the theft of $620 million in Ethereum.

According to the FBI statement:

“The FBI, together with the Treasury Department and other partners in the US government, will continue to combat the illegal activities of the DPRK, including cybercrime and theft of cryptocurrencies, in order to generate profit for the regime.”

In March, the Ronin blockchain bridge was hacked and more than $625 million in crypto was stolen from the project. Although the attackers exploited the vulnerability on March 23, the problem was discovered only on March 29, when one of the users was unable to withdraw 5,000 Ethereum.