Analysts believe that hackers from North Korea are behind a recent cryptocurrency heist that topped $100 million, and some of that money could reportedly go to the nation’s nuclear and ballistic weapons programs.
The heist occurred earlier this month and affected 5,500 crypto wallets with the Estonia-based cryptocurrency exchange Atomic Wallet, according to crypto analysis firm Elliptical. On June 3, Atomic Wallet confirmed it had “received reports” of compromised wallets.
“Elliptic has attributed this incident to North Korea’s Lazarus Group, which is believed to have stolen over $2 billion in crypto assets across multiple thefts,” Elliptic said. “This would mark the first major crypto theft publicly attributed to Lazarus Group since the $100 million exploit of Horizon Bridge in June 2022.”