In the past, countless hacks have taken place in the cryptocurrency market, most of which are attributed to the hacker group named “Lazarus”.
“3 security solutions to prevent the theft of digital currencies”. In the past, countless hacks have occurred in the cryptocurrency market, most of which are attributed to the hacker group named “Lazarus”. For example, the most recent hack of the Coinex exchange, where the amount of stolen assets reached more than 70 million dollars, is attributed to this group.
Crypto market users usually face various online attacks. Even the famous American billionaire, Mark Cuban, recently lost around $1 million due to his wallet being hacked.
In this article, we will highlight three main security solutions that will help you protect your digital assets. First, we need to examine today’s threats that have proliferated.
The Lazarus Group is a North Korean government-sponsored hacking group known for its sophisticated cyberattacks and criminal activities. For example, this group released a ransomware called “WannaCry” in 2017, which disrupted critical services for many organizations. The ransomware infected the computers of organizations such as government departments and healthcare institutions and encrypted data, then exploited them with ransomware payment requests.
One of the first attacks of the Lazarus group was dedicated to the crypto market. In April 2017, they hacked South Korea’s Yapizon exchange and stole 3,831 bitcoins worth more than $4.5 million at the time.
The Lazarus Group’s activities in the crypto market have raised concerns about their ability to raise funds for North Korea and international sanctions. for example. In 2022, the group carried out many attacks, including the $625 million Ronin Bridge hack.
In addition, the Federal Bureau of Investigation (FBI) holds the Lazarus Group responsible for attacks on CoinsPaid, Alphapo, and Atomic Wallet, and has announced that the total loss of these attacks is more than $200 million. Lazarus was even responsible for the $41 million hack of the Stake site and attacked through a targeted phishing campaign.
Generally, videos show hackers gaining access to victim’s devices and stealing their passwords. However, in reality, most attacks are carried out through phishing and social engineering, and attackers take advantage of their victims’ curiosity or greed.