FBI Names Crypto Funds Stolen By NoKor

The FBI is warning cryptocurrency firms about the theft of hundreds of millions of dollars in cryptocurrency, saying that on August 23, 2023, it tracked cryptocurrency stolen by the Democratic People's Republic of Korea (DPRK) TraderTraitor-affiliated actors known as Lazarus Group and APT38.

Photo Insert: The FBI believes the DPRK may attempt to cash out the bitcoin worth more than $40 million dollars. I Photo: FBI Boston Twitter

In its official statement, the FBI believes the DPRK may attempt to cash out the bitcoin worth more than $40 million dollars.

The investigation found the TraderTraitor-affiliated actors moved approximately 1,580 worth of bitcoin from several cryptocurrency heists and are currently holding those funds in certain bitcoin addresses.

The FBI provided a list of the aforementioned on its website and various advisories.

The DPRK TraderTraitor-affiliated actors were responsible for several high-profile international cryptocurrency heists including the $60-million theft of virtual currency from Alphapo on June 22, 2023, the $37-million theft of virtual currency from CoinsPaid on June 22, 2023, and; the $100-million theft of virtual currency from Atomic Wallet on June 2, 2023.

The FBI previously provided information on their attacks against Harmony’s Horizon Bridge and Sky Mavis’ Ronin Bridge and provided a Cybersecurity Advisory on TraderTraitor.

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