FBI Identifies Six Wallets Linked To North Korean Hackers, Asks for Vigilance

The Federal Bureau of Investigation (FBI) warned cryptocurrency companies about six Bitcoin wallets linked to North Korean hackers.

The wallets collectively have 1,580 Bitcoin worth more than $40m, acquired through several recent heists.

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In the press release, the agency published the list of the flagged wallets associated with North Korea’s hacking group TraderTraitor (also known as APT38 and Lazarus Group).

• 3LU8wRu4ZnXP4UM8Yo6kkTiGHM9BubgyiG
• 39idqitN9tYNmq3wYanwg3MitFB5TZCjWu
• 3AAUBbKJorvNhEUFhKnep9YTwmZECxE4Nk
• 3PjNaSeP8GzLjGeu51JR19Q2Lu8W2Te9oc
• 3NbdrezMzAVVfXv5MTQJn4hWqKhYCTCJoB
• 34VXKa5upLWVYMXmgid6bFM4BaQXHxSUoL

FBI urged crypto companies to examine the data attached to the wallets and remain on the lookout for transactions related to the addresses since it’s highly likely that the hackers would try to cash out the Bitcoin.

This is not the first time North Korean hackers have caused uproar in the industry. In five years, these hacker groups have stolen approximately $2bn from crypto companies. In 2023 alone, they are responsible for 20% of all global crypto thefts, at the $200m mark.

According to the FBI statement, the hackers are associated with:

<...>the $60 million theft of virtual currency from Alphapo on June 22, 2023; the $37 million theft of virtual currency from CoinsPaid on June 22, 2023; and the $100 million theft of virtual currency from Atomic Wallet on June 2, 2023.

CNN previously reported that North Korean government-backed hackers seek to exploit the vulnerabilities of cryptocurrency companies, and the stolen funds allegedly go back to support the regime.

Despite the high volume of hacking attempts, the very nature of blockchain technology makes it difficult to launder money or move assets around. The public ledger ensures the funds can be tracked and, if need be, frozen, as was the case with $160,000 of funds stolen from the Merlin DEX.

Aaron S., Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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