The FBI has identified the infamous Lazarus Group as the source behind the recent hacking of Stake Casino, a popular gambling platform, which resulted in the theft of $41 million of cryptocurrency. This crime is now considered one of the biggest crypto hacks of all time.
The Lazarus Group, known also as Hidden Cobra, is a cyber criminal organization believed to be sponsored by the North Korean government. The group has become infamous for conducting attacks on targets in a range of countries, including South Korea, Poland, the United States, Bangladesh, India, Brazil, and the United Kingdom.
The threats and activity by Lazarus Group have grown significantly in recent months, with the group launching a series of attacks on exchanges and other companies in the cryptocurrency space since April 2021.
The FBI is now working with South Korean security firms to investigate the hacking incident and hunt down any individuals or entities linked with the Lazarus Group. It is currently unclear how exactly the hacker group infiltrated Stake Casino’s platform and managed to steal the funds, but the FBI is actively looking into the matter.
It is yet another stark reminder of how vulnerable cryptocurrency platforms are, with the potential to be targeted by malicious hackers from across the world. While security measures can be taken to prevent such attacks, users must remain vigilant when engaging with any cryptocurrency exchanges or services.
