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Home Scam Alert

CoinEX hack was by North Korea’s Lazarus Group: SlowMist

by Crypto News Global
September 13, 2023
in Scam Alert
Reading Time: 3 mins read
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  • CoinEx was hacked for over $54 million, with blockchain safety companies tying the assault to North Korea’s Lazarus Group.
  • The hackers are reportedly the identical one behind latest assaults on Optimism and Polygon.

The hack on crypto change CoinEx was possible carried out by hackers from North Korea’s Lazarus Group, in line with particulars shared by blockchain safety agency SlowMist.

After highlighting that the safety breach on CoinEx had seen greater than $54 million in varied crypto property stolen, SlowMist posted one other alert earlier immediately noting the assault might be the work of the infamous North Korea-affiliated group.

🚨SlowMist Safety Alert🚨

1/ @coinexcom Exploiter, @Stake Exploiter and #Alphapo Exploiter might all have ties to the North Korean Hackers often called #LazarusGroup.

Right here’s how we got here to that conclusion: https://t.co/IGNldb2ZZJ pic.twitter.com/SLGzSgbCis

— SlowMist (@SlowMist_Team) September 13, 2023

Blockchain sleuth ZachXBT additionally pointed to the identical conclusion, noting that Lazarus Group had inadvertently related the identical pockets tackle used within the hack on Stake on the Optimism and Polygon networks.

It seems North Korea can be chargeable for the $54M @coinexcom hack from yesterday after they by chance related their tackle to the $41M Stake hack on OP & Polygon.

0x75497999432b8701330fb68058bd21918c02ac59 pic.twitter.com/9qZPdc3yhT

— ZachXBT (@zachxbt) September 13, 2023

CoinEx says customers will probably be compensated

As CoinJournal reported yesterday, the assault on CoinEx noticed big flows from the change’s scorching wallets with preliminary reviews placing the whole quantity drained at almost $28 million. In the present day, after additional blockchain safety checks, the heist has reportedly reached greater than $54 million. 

Unauthorised fund transfers initially concerned ETH, TRON, and MATIC. Nevertheless, that has since expanded to incorporate BTC, XRP, SOL, BCH and BSC tokens.

CoinEX has since supplied an update assuring all affected customers that they are going to be compensated 100%. The change had earlier halted deposits and withdrawals.


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