Ethereum worth approximately $ 1.4 billion from the crypto currency exchange by North Korean Hack Group Lazarus Group with North Korean Lazarus Group $2,732.88 It was claimed to play. Block chain researcher Zachxbt traced the attack and revealed the wallet movements related to Lazarus. Arkham Intelligence confirmed this determination and presented 50,000 ARKM TOKEN award to the relevant information. The incident increased concerns about the lack of security measures in the crypto currency market.
Blockchain data traced the attack
Blockchain analyzes showed that the attack was carried out in a planned and coordinated manner. Zachxbt examined the test procedures and transfer movements and detected connections to the Lazarus Group. The data shared with Bybit officials proved that the attackers provided access to cold wallets and quickly distribute funds.
Cyber security experts, stolen 401,346 ETH was transferred to different wallets, he said. During these procedures, some funds were staked in decentralized stock exchanges and the traces were tried to be erased. Lazarus group, which has used similar methods in the past, is known for attacks on a Ronin Network, Harmony Horizon Bridge and a Japanese stock market.
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Market and Investor Model Shaken
With the hearing of the attack, the RSI value of Ethereum fell harshly. Crypto currency investors began to move cautiously due to security concerns about the central stock exchanges. Volatility in the market also directly affected the prices of Altcoin.
Bybit CEO Ben Zhou announced that the financial situation of the stock market is intact and that customer assets are secured. However, the size of the attack led investors to increase the use of cold wallets. This development in the crypto currency market once again demonstrated that security protocols should be revised.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
