Akshata Sharma
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More than a week after $235 million was stolen from the Indian crypto exchange WazirX, it has been identified that the North Korean hacker group Lazarus Group was behind this massive theft.
According to Cyfirma, the state-sponsored attack is linked to North Korea's Reconnaissance General Bureau (RGB), a primary intelligence service.
CYFIRMA's researchers' analysis revealed that close to $235 million in crypto assets were lost due to the breach.
This included over 200 different assets, such as approximately $96.7 million of Shiba Inu, $52.6 million of Ether, $11 million of Matic, and $7.6 million of Pepe.
The threat actor has already swapped a number of these tokens for Ether using a variety of decentralized services, an expected initial step in a typical laundering process, the firm said.
The attacks were carried out by two subgroups of the Lazarus Group, namely APT38 and Blue Noroff.
Lazarus mainly targets crypto exchanges and financial institutions worldwide.
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