<p><span style="font-weight: 400;">Analysts believe that hackers from North Korea are behind a recent cryptocurrency heist that topped $100 million, and some of that money could reportedly go to the nation’s nuclear and ballistic weapons programs.</span></p>
<p><span style="font-weight: 400;">The heist occurred earlier this month and affected 5,500 crypto wallets with the Estonia-based cryptocurrency exchange Atomic Wallet, according to crypto <a href="https://hub.elliptic.co/analysis/north-korea-linked-atomic-wallet-heist-tops-100-million/" target="_blank" rel="noopener">analysis</a> firm Elliptical. On June 3, Atomic Wallet <a href="https://twitter.com/AtomicWallet/status/1664946301815910400?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1664946301815910400%7Ctwgr%5Edff393999fa70b19dbc5c1a76d90dd632ccb5b3c%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.reuters.com%2Fworld%2Fnorth-korean-hackers-stole-100-million-recent-cryptocurrency-heist-analysts-2023-06-13%2F" target="_blank" rel="noopener">confirmed</a> it had “received reports” of compromised wallets. </span></p>
<p><span style="font-weight: 400;">“Elliptic has attributed this incident to North Korea’s Lazarus Group, which is believed to have stolen over $2 billion in cryptoassets across multiple thefts,” Elliptic said. “This would mark the first major crypto theft publicly attributed to Lazarus Group since the $100 million exploit of Horizon Bridge in June 2022.” </span></p>
<p><span style="font-weight: 400;">The threat actor Lazarus Group reportedly primarily <a href="https://www.cfr.org/cyber-operations/lazarus-group" target="_blank" rel="noopener">targets</a> South Korean entities for espionage purposes but has also targeted cryptocurrency exchanges, with a total of an estimated $2 billion in stolen crypto assets. It’s believed the group was also behind the 2014 Sony hack in response to the release of the movie “The Interview,” a comedy in which characters played by Seth Rogen and James Franco go to North Korea to interview Kim Jong Un. </span></p>
<p>The Estonian National Criminal Police, where Atomic Wallet is located, <a href="https://www.reuters.com/technology/estonian-police-investigate-crypto-hack-blamed-north-korea-2023-06-14/" target="_blank" rel="noopener">told</a> Reuters that authorities have been investigating the theft for the past week but said: &#8220;at the moment we cannot comment on the origins of the attacks.&#8221;</p>
<p><span style="font-weight: 400;">The U.S. Department of Justice </span><a href="https://www.justice.gov/opa/pr/north-korean-regime-backed-programmer-charged-conspiracy-conduct-multiple-cyber-attacks-and"><span style="font-weight: 400;">refers</span></a><span style="font-weight: 400;"> to Lazarus as a North Korean government-sponsored hacking team. According to the Elliptic analysis, the group has stolen more than $2 billion across multiple crypto heists. The group’s last major theft involved Horizon Bridge, where it allegedly stole $100 million of virtual funds a year ago, <a href="https://www.dailywire.com/news/fbi-announces-north-korea-associated-hackers-responsible-for-100-million-virtual-robbery" target="_blank" rel="noopener">according</a> to the FBI. </span></p>
<p><span style="font-weight: 400;">The United Nations released a <a href="https://www.reuters.com/technology/record-breaking-2022-north-korea-crypto-theft-un-report-2023-02-06/" target="_blank" rel="noopener">report</a> in February that showed North Korea had a record-breaking year for stealing crypto assets in 2022, where hackers reportedly stole upwards of $630 million. According to Reuters, international monitors believe these funds are often used to fund the country’s nuclear and ballistic weapons efforts. </span></p>
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<p><span style="font-weight: 400;">&#8220;(North Korea) used increasingly sophisticated cyber techniques both to gain access to digital networks involved in cyber finance, and to steal information of potential value, including to its weapons programmes,&#8221; sanctions monitors told the United Nations Security Council. </span></p>
<p><span style="font-weight: 400;">Last month, a White House official said that roughly half of North Korea’s missile program is funded through cyberattacks and crypto heists, CNN <a href="https://www.cnn.com/2023/06/06/tech/north-korea-crypto-heist/index.html" target="_blank" rel="noopener">reported</a>.  </span></p>

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North Korean Hackers Suspected In $100M Crypto Heist That Could Fund Nuclear Program