North Korean Hackers Linked to DMM Bitcoin Heist: FBI and Japanese Police Confirm Investigation Ongoing
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FBI and Japanese Police Confirm North Korean Hack of DMM Bitcoin
The Federal Bureau of Investigation (FBI) and Japanese law enforcement agencies have jointly confirmed that the notorious North Korean hacking group TraderTraitor was behind the massive hack on Japanese crypto exchange DMM Bitcoin. The heist, which occurred in May 2024, resulted in a staggering loss of 4,502.9 Bitcoins worth approximately $305 million.
According to reports, the hackers employed targeted social engineering tactics to breach the security of DMM Bitcoin. Notably, the hackers posed as a LinkedIn recruiter and targeted an employee at Ginco, a wallet management service provider for the crypto exchange. The attacker then shared a malicious Python script disguised as part of a pre-employment test on GitHub, which was copied by the unsuspecting employee to their account. This subsequently granted the attackers access to Ginco’s systems.
Utilizing DMM Bitcoin’s unencrypted communication system, the hackers manipulated a legitimate transaction request from the exchange, ultimately resulting in the unauthorized transfer of funds to wallets controlled by TraderTraitor. The FBI has linked this hack to Lazarus Group, a notorious North Korean hacking collective operating under various aliases, including “Jade Sleet,” “UNC4899,” and “Slow Pisces.”
The investigation is ongoing, with the FBI collaborating with the US Department of Justice to address legal challenges. This development highlights the significant role that international cooperation plays in combating cybercrime.
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This article has been written by Austin Mwendia, an experienced writer with a strong background in cryptocurrency and blockchain technology.
Source: cryptonewsland.com
