North Korea’s Lazarus Group liable for $55M CoinEx hack: Report

The assault on crypto trade CoinEx, which drained at the least $55 million, was carried out by the North Korean hacker group Lazarus, in accordance to blockchain safety agency SlowMist and on-chain investigator ZachXBT. The hacker group was recognized after it inadvertently uncovered its handle, which was the identical one used within the current Stake and Optimism hacks.

On Sept. 12, CoinEx noticed giant outflows of funds to an handle with none prior historical past. Safety consultants instantly suspected that the trade was breached, with preliminary estimates reaching roughly $27 million. On the time of writing, safety agency SlowMist famous that the losses from the exploit had reached greater than $55 million.

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