The lead federal agency Federal Bureau of Investigation (FBI), as well as the Cybersecurity and Infrastructure Security Agency (CISA), have recently alerted the crypto firms against the cyber attacks and threats by North Korea in response to the hack of the Ronin Bridge last month. On April 18, the warnings were issued by the FBI, and the U.S. Department of Treasury has issued warnings to the blockchain companies and crypto firms in order to keep their operations safe from external cyber-attacks.
Among the hacker group listed as an advanced persistent threat (APT), Lazarus is not the only one. Others included in this list are Stardust Chollima, APT38, and BlueNoroff. These groups are targeting different blockchain and cryptocurrency companies, including the play-to-earn games and decentralized finance (DeFi) protocols.
According to a report from Chain analysis, the group’s effort rewarded them with 400 million dollars worth of crypto assets and funds last year. With the Ronin Bridge hack, the previous amount has already been surpassed because from Ronin Bridge, around 620 million dollars were stolen in this March.
The groups are using malware and spear-phishing to steal the crypto funds; furthermore, the CSIA suggests that the rate of thefts will not see a decline anytime soon. The groups will continue to try to steal funds from crypto exchange platforms, technology firms, and gaming companies in order to support the North Korean Regime.