North Korea, infiltrators, spent hundreds of millions of $ 1.5 billion from Beetb

North Korea, infiltrators, spent hundreds of millions of $ 1.5 billion from Beetb

Getty Images bybit LogoGety pictures

The infiltrators have succeeded that they were working in the North Korean system successfully in disbursing at least 300 million dollars (232 million pounds) from the stealing of $ 1.5 billion.

Criminal, known as the Lazaros Group, passed the huge range of digital symbols in a breach of purchasing bybit Two weeks ago.

Since then, the cat and mouse game have been following and preventing infiltrators from successfully converting encryption into useless criticism.

Experts say the notorious piracy team works for nearly 24 hours a day – it is possible that it will direct the money to the military development of the regime.

“Every minute is important to the infiltrators who try to confuse the money corridor and they are very sophisticated as they do,” says Dr. Tom Robinson, co -founder of Crypto Elliptic investigators.

Among all the criminal actors participating in the encryption currency, North Korea is the best in washing encryption, says Dr. Robinson.

“I imagine that they have a full room of people who do this using automatic tools and years of experience. We can also see their activity that they take a break only every day, and they may work in seizures to turn encryption into cash.”

It carries an elliptical analysis with bybit, which says 20 % of the money is now “dark”, which means that it is unlikely to be recovered.

The United States and the North Korean allies have accused the implementation of dozens of breakthroughs in recent years to finance the military and nuclear development of the regime.

On February 21, criminals hacked one of the BYBIT suppliers to change the address of a secret digital wallet that was sent 401,000 from ETHEREUM encryption currencies.

Bybit thought she was transporting money to her digital portfolio, but instead he all sent it to the infiltrators.

Getty Images Ben Zhou, CEO of BYBITGety pictures

Ben Zhou, CEO of Ben Zhou, hopes to restore some stolen money through a reward project

Ben Chu, BYBIT CEO, assured customers that no of their money has been taken.

Since then, the company has renewed stolen coins with loans from investors, but with the words of Chu “launching war on Lazaros”.

Bybit’s Lazarus Bounty encourages audience members to track and freeze stolen money wherever it is.

All encryption transactions are displayed on general Blockchain, so it is possible to track money while moving it by the Lazarus group.

If infiltrators try to use a major encryption service to try to convert metal currencies into ordinary funds such as dollars, the company can freeze encrypted metal currencies if they believe it is linked to the crime.

20 people so far have shared more than $ 4 million as bonuses to set $ 40 million in stolen money and alert the encryption companies to prevent transportation.

But experts flounder about the chances of the rest of the recovered money, given the experience of North Korea to penetrate and launder the money.

“North Korea is a very closed system and a closed economy, so they created a successful industry for its breach and washing and do not care about the negative impression of cyber crime,” said Dr. Dorit, a role from Cheber Checly Checl Point.

Another problem is that not all encryption companies are ready to help like others.

The exchange of encryption is accused by bybitit and others from the failure to stop criminals who recover.

More than $ 90 million was successfully transferred through this exchange.

But via email, the owner questioned the elusive of Excr – Johann Roberts – in it.

He admits that they did not stop the money at the beginning, because his company is in a long -term conflict with bybit, and he says that his team was not sure that the coins were definitely of penetration.

He says he is collaborating now, but he argues that the major companies that define Crypto customers give up the special and unknown benefits of the encryption coin.

FBI Park Jin HyokFederal Bureau of Investigation

Park Jin Hyok is one of the alleged infiltrators in the Lazarus group

North Korea has never recognized that it is behind the Lazaros group, but it is believed to be the only country in the world using piracy powers to achieve financial gains.

Previously, Hazarus Group Hackers has targeted banks, but in the past five years has specialized in attacking cryptocurrencies.

Industry is less well -protected with less in place mechanisms to prevent money laundering.

The recent breakthroughs associated with North Korea include:

  • Hack 2019 on Upbit for $ 41 million
  • The stealing of $ 275 million from Excination Kucoin (most of the money has been recovered)
  • Ronin Bridge 2022 attack that infiltrators were moving at $ 600 million in encryption
  • Almost $ 100 million in encryption was stolen in an attack on an atomic wallet in 2023

In 2020, the United States added the North Koreans accusing them of being part of the Lazaros group to the required electronic list. But the chances of arresting individuals at all are very small unless they leave their country.

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