North Korea's Lazarus Group Has Stolen $240 Million Since June

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Photo by Micha Brändli on Unsplash

Researchers at Elliptic say that North Korean hackers known as the Lazarus Group appear to have recently ramped up their operations, stealing around $240 million worth of crypto assets in four separate attacks since the beginning of June, including a $70 million theft from crypto exchange CoinEx.

Elliptic said that "several factors" indicate that the Lazarus Group was responsible for the CoinEx attack. CoinEx has not said who it believes was behind the attack.

Elliptic said some of the funds stolen from CoinEx were sent to a crypto wallet address that the Lazarus Group had previously used to launder stolen funds. The funds were also sent to the Ethereum blockchain using a blockchain bridge, which had also previously been used by the Lazarus Group.

Blockchain research firm Chainalysis said it had "medium-high confidence" that North Korea was behind the attack.

Coinex has c…