Bitcoin News Official TheBitTimes.com

A U.S. official implicates North Korea in a significant cyberattack on decentralized finance platform Mixin Network, with losses under $150 million. A high-ranking U.S. government official has indicated that North Korea is the likely culprit behind a major security intrusion targeting the decentralized finance platform Mixin Network. Earlier assessments suggested that Mixin Network suffered a financial loss amounting to $200 million following a cyberattack that took place in late September. However, the organization revised this figure to less than $150 million after conducting a thorough review. [Update] After statistical Analysis , the affected assets in this incident were mainly ERC20-USDT, ETH, and BTC. Other assets were not affected. The specific compensation details are still under discussion. Please stay tuned for updates on the progress of this incident. In order… https://t.co/XHlNmJFbeZ — Mixin Kernel (@MixinKernel) October 5, 2023 What caused the attack on Mixi...

Crypto bad actors from the DPRK have stolen $340.4 million in 2023, down from $1.7 billion from the prior year, but that's no reason to feel at ease. Cryptocurrency stolen by North Korea-linked hackers is down a whopping 80% from 2022 — but a blockchain forensics firm says it isn’t necessarily a sign of progress. As of Sept. 14, 2023, North Korea-linked hackers have stolen a total of $340.4 million worth of cryptocurrency, down from a record $1.65 billion reported funds stolen in 2022. Cryptocurrency funds stolen by North Korean-backed groups between 2016-2023. Source: Chainalysis “The fact that this year’s numbers are down is not necessarily an indicator of improved security or reduced criminal activity,” Chainalysis said in a Sept. 14 report. “We must remember that 2022 set a dismally high benchmark.” “In reality, we are only one large hack away from crossing the billion-dollar threshold of stolen funds for 2023.” Over the past 10 days, North Korea’s Lazarus Group has been link...

deBridge Finance survives an attempted phishing attack, points a finger at the North Korean Lazarus Group, and warns the wider community to be on guard. Cross-chain protocols and Web3 firms continue to be targeted by hacking groups as deBridge Finance unpacks a failed attack that bears the hallmarks of North Korea’s Lazarus Group hackers. deBridge Finance employees received what looked like another ordinary email from co-founder Alex Smirnov on a Friday afternoon. An attachment labeled ‘New Salary Adjustments’ was bound to pique interest, with various cryptocurrency firms instituting staff layoffs and pay cuts during the ongoing cryptocurrency winter. A handful of employees flagged the email and its attachment as suspicious, but one staff member took the bait and downloaded the PDF file. This would prove fortuitous, as the deBridge team worked on unpacking the attack vector sent from a spoof email address designed to mirror Smirnov’s. The co-founddelved into the intricacies of the a...