{"id":137294,"date":"2024-09-16T10:00:47","date_gmt":"2024-09-16T07:00:47","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137294"},"modified":"2024-09-15T20:54:56","modified_gmt":"2024-09-15T17:54:56","slug":"hacker-group-loses-5-million-in-frozen-stablecoins","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/hacker-group-loses-5-million-in-frozen-stablecoins\/","title":{"rendered":"Hacker Group Loses $5 Million in Frozen Stablecoins"},"content":{"rendered":"<p>This decision came after an investigation led by blockchain investigator ZachXBT, who, with help from Metamask, Binance, TRM Labs, and Five I\u2019s LLC, traced the stolen assets.<\/p>\n<p>ZachXBT\u2019s probe revealed that the Lazarus Group, a North Korean state-sponsored entity, had laundered over $200 million in cryptocurrency into fiat across a span of three years. The stolen funds were acquired through 25 different exploits on various blockchains and were subsequently cashed out through peer-to-peer marketplaces.<\/p>\n<p>The stablecoin issuers of <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tether\/\">USDT<\/a><\/strong> (Tether), <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/usd-coin\/\">USDC<\/a> <\/strong>(Circle), TUSD (Techteryx), and BUSD (Paxos) responded by freezing nearly $5 million in stablecoins linked to two specific wallets. These wallets also hold approximately $720,000 in the DAI stablecoin and about $313,000 in <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a><\/strong>, which have not yet been frozen.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-137250\" href=\"https:\/\/cryptodnes.bg\/en\/top-crypto-investor-loses-40m-after-risky-defi-bets\/\" title=\"Top Crypto Investor Loses $40M After Risky DeFi Bets\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/featured_image_330-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Top Crypto Investor Loses $40M After Risky DeFi Bets<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>ZachXBT reported on X that all four stablecoin issuers \u2013 Paxos, Tether, Techteryx, and Circle \u2013 have now blacklisted the <strong><a href=\"https:\/\/etherscan.io\/tokenholdings?a=0x12ED7f6ed0491678764c2b222A58452926E44DB6\" rel=\"nofollow\">two addresses<\/a><\/strong> associated with the Lazarus Group, totaling $4.96 million. Additionally, $1.65 million remains frozen at various exchanges, bringing the total frozen amount to $6.98 million.<\/p>\n<p>ZachXBT criticized Circle, the issuer of USDC, for its delayed response compared to other issuers. He noted that it took Circle 4.5 months longer to freeze the tokens and highlighted the lack of a dedicated incident response team to address such hacks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The notorious hacking group known for its crypto thefts has lost access to nearly $5 million in stablecoins, following actions taken by stablecoin issuers to freeze the funds.<\/p>\n","protected":false},"author":3,"featured_media":28158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[426,271,71],"coin_category":[],"class_list":["post-137294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocrime","tag-binance","tag-ethereum","tag-stablecoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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