Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic

Free Bitcoin
HashFlare



Illicit funds gained from the $35 million Atomic Wallet hack have been moving to a crypto mixer known to be favored by North Korea’s most notorious cyber-hacking group.

On June 5, blockchain compliance analytics firm Elliptic reported that its Investigations Team has traced funds from the $35 million Atomic Wallet hack to crypto mixer Sinbad.io.

It claims the mixing service was previously used to launder more than $100 million in crypto assets stolen by North Korea’s Lazarus Group.

Elliptic did not specify how much was sent to the mixer but noted that the loot was being swapped for Bitcoin (BTC) before being obfuscated through the mixer.

Phemex

The firm also reported that Sinbad.io is likely to be a rebranded version of Blender.io, “another mixer heavily used to launder Lazarus Group funds,” and the first mixer to be sanctioned by the U.S. Treasury Department.

Several Atomic Wallet user accounts were compromised on June 3, resulting in losses of up to $35 million. However, the firm played down the incident, claiming that the attack impacted less than 1% of its monthly active users.

Atomic Wallet’s chief marketing officer, Roland Säde, told Cointelegraph that the team is “doing everything they can to get those funds back,” adding: “In order to create a concrete plan, the investigation must be completed.”

“Of course, the team is devastated as we have been very proud about our security. We are working around the clock to get it all resolved and come out of this crisis stronger than before.”

Related: Atomic Wallet exploited, users report loss of entire portfolios

He suggested that victims track the illicit transfers and report them to the most popular crypto exchanges, which “could prevent the scammers from exchanging their funds.”

“Of course, we are also reporting them directly, but the more eyes on hackers the harder it is for them to move them,” he said.

However, it could be too late for many in light of Elliptic’s latest findings.

Magazine: Should crypto projects ever negotiate with hackers? Probably



  • Bitcoin
  • Ethereum
  • Tether
  • Dogecoin
Scan to Donate Bitcoin to 14dNrgxvkPsmFNUSW1h2Qit8ox5AioJpNc

Help us! Donate any amount of Bitcoin to this address

Scan the QR code or copy the address below into your wallet to send some Bitcoin

Scan to Donate Ethereum to 0xe925df5a97c85f2d52547bace18feca6e0bfa6cc

Help us! Donate any amount of Ethereum to this address

Scan the QR code or copy the address below into your wallet to send some Ethereum

Scan to Donate Tether to 0xe925df5a97c85f2d52547bace18feca6e0bfa6cc

Help us! Donate any amount of Tether to this address

Scan the QR code or copy the address below into your wallet to send some Tether

Scan to Donate Dogecoin to D9tRctXqnQeqSKFBzWeHFHCwTu7rcRE4XQ

Help us! Donate any amount of Dogecoin to this address

Scan the QR code or copy the address below into your wallet to send some Dogecoin



Source link

Genesis-mining

Be the first to comment

Leave a Reply

Your email address will not be published.


*