FBI Says North Korean Hackers Stole $41M In Crypto From Online Casino
Portfolio Pulse from Murtuza Merchant
The FBI has identified the North Korea-affiliated Lazarus Group as the perpetrator of a $41-million cryptocurrency theft from Stake.com, an online casino. The group has been linked to thefts totaling over $200 million in 2023. The stolen funds were associated with the Ethereum (ETH), Binance Smart Chain, and Polygon (MATIC) networks. The FBI has urged private entities to be proactive in their cybersecurity efforts.
September 07, 2023 | 8:12 pm
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NEGATIVE IMPACT
Ethereum was one of the cryptocurrencies stolen in the $41-million theft by the Lazarus Group from Stake.com.
The theft of Ethereum by the Lazarus Group could potentially impact the price of Ethereum in the short term due to concerns about security. However, the overall impact is likely to be limited as the theft is a one-off event and does not reflect on the inherent value of Ethereum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Polygon was one of the cryptocurrencies stolen in the $41-million theft by the Lazarus Group from Stake.com.
The theft of Polygon by the Lazarus Group could potentially impact the price of Polygon in the short term due to concerns about security. However, the overall impact is likely to be limited as the theft is a one-off event and does not reflect on the inherent value of Polygon.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 75