FBI Charges Lazarus Group for Stake.com Crypto Heist

The Federal Bureau of Investigation (FBI) has charged the Lazarus Group, a cybercriminal organization, with the assault on Stake.com earlier this week.

On September 4th, Stake.com halted operations after unauthorized transfers were made from several of its active wallets.

The event impacted Ethereum, Polygon, and Binance Smart Chain (BSC) on Stake.com. Stake.com stated that all other digital purses were unaffected and returned to normal operations five hours after the problem was found.

Reports suggest that operators lost $41.3 million (£33.1 million/€38.6 million). This figure has now been confirmed by the FBI, which attributed the theft to the Lazarus Group.

The Lazarus Group, also known as APT38, is connected to the Democratic People’s Republic of Korea (DPRK).

According to the FBI, the cyber attackers moved the funds stolen from Stake.com to numerous cryptocurrency addresses.

The FBI highlighted the Lazarus Group’s involvement in other attacks.

The FBI added that the group is also responsible for other high-profile international cryptocurrency robberies. The group is believed to have taken over $200 million this year, including digital currency.

The Federal Bureau of Investigation is taking strong action against North Korea’s dubious activities. They’re utilizing cybercrime and cryptocurrency theft to finance their government, but the FBI is actively investigating. If you possess any relevant information, please notify them.

Stake.com is a significant player in the realm of online gambling. They boast a user base exceeding 500,000 individuals from diverse locations, including Canada, Brazil, Japan, and the United Kingdom.

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By admin

This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.

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