•The FBI is warning crypto investors that North Korean hackers are looking to unload tens of millions of dollars worth of stolen Bitcoin (BTC) onto the market.
•The FBI has identified wallet addresses associated with the North Korean hacking group TraderTraitor and warns investors that they may be looking to cash out $40 million worth of BTC.
•Crypto entities targeted by the group include Harmony’s ( ONE ) Horizon bridge and Sky Mavis’ Ronin bridge ( RON ).
FBI Issues Warning to Crypto Investors
The Federal Bureau of Investigation (FBI) is issuing a warning to crypto investors that North Korean hackers are looking to unload tens of millions of dollars worth of stolen Bitcoin (BTC) onto the market. In a new press release, the enforcement agency says they have identified wallet addresses associated with the North Korean hacking group TraderTraitor, also known as Lazarus, and warns investors that they may be looking to cash out $40 million worth of BTC.
North Korea May Cash Out $40 Million Worth Of BTC
The FBI investigation found the TraderTraitor-affiliated actors moved approximately 1,580 Bitcoin from several cryptocurrency heists and are currently holding those funds in [the] following Bitcoin addresses: 3LU8wRu4ZnXP4UM8Yo6kkTiGHM9Bubgyi 39idqitN9tYNmq3wYanwg3MitFB5TZCjWu 3AAUBbKJorvNhEUFhKnep9YTwmZECxE4Nk 3PjNaSeP8GzLjGeu51JR19Q2Lu8W2Te9oc 3NbdrezMzAVVfXv5MTQJn4hWqKhYCTCJoB 34VXKa5upLWVYMXmgid6bFM4BaQXHxSUoL” The FBI notes that North Korean hackers were responsible for several high-profile crypto heists in June, including $60 million from crypto payments provider AlphaPo, $37 million from crypto wallet provider CoinsPaid, and $100 million from crypto wallet provider Atomic Wallet.
Targeted Crypto Entities
Other crypto entities targeted by the group include Harmony’s (ONE) Horizon bridge and Sky Mavis’ Ronin bridge (RON), according to the press release. According to the Bureau, investors should be aware of the addresses associated with the hackers and avoid any affiliation with them.
Expose DPRK Use Of Illicit Activities
The FBI will continue to expose and combat the DPRK’s use of illicit activities – including cybercrime and virtual currency theft – to generate revenue for the regime.
Avoid Affiliation With Hacking Group Addresses
Private sector entities should examine the blockchain data associated with these addresses and be vigilant in guarding against transactions directly with, or derived from,