The North Korean Lazarus Group is reportedly involved in CoinEx’s $54 million hack. While analyzing the attack, the on-chain sleuth ZachXBT found a direct link between Stake hacker Lazarus Group and the CoinEx hacker.
ZachXBT depicts that the address involving transactions of CoinEx funds on Optimism, was also involved in the Stake exploit last week. The Stake hacker, identified as Lazarus Group, moved funds to the same address on the Polygon network.
On September 8, the US crime investigation agency, the FBI, revealed that none other than Lazarus Group is behind the $41 million Stake hack with it disclosing more than 30 addresses belonging to the hacker group.
The infamous North Korean hacker group is alleged in numerous DeFi exploits. They have been named in major hacks on DeFi protocols including Ronin, Elliptic, DeBridge Finance, Harmony, and several more.
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