The hackers who stole $305 million worth of Bitcoin from a Japanese crypto exchange earlier this year are on the move.
Moving the Loot
In May, the Japanese trading platform DMM Bitcoin lost over 4,500 Bitcoin in what was called the seventh-largest crypto hack ever. This week, blockchain security firm PeckShield reported that wallets associated with the hackers moved around 850 Bitcoin, worth over $54 million, to six different addresses.
Possible Methods
Crypto security company Beosin believes the hackers used one of two methods to steal the funds:
- Exchange Attack: The hackers could have targeted DMM Bitcoin’s systems or compromised their security keys. They then used a similar address to receive the funds, making it harder to track.
- Address Spoofing: The hackers may have tricked the exchange into sending the Bitcoin to their address by manipulating the way addresses were displayed.
North Korean Connection?
Experts suspect the hackers could be linked to the Lazarus Group, a North Korean hacking outfit known for its involvement in cybercrime.
Bitcoin’s Rise
Bitcoin is currently trading at around $63,852, up over 5% in the past 24 hours.
Disclaimer:
This information is for general knowledge and should not be considered investment advice. /p>
