Home crypto-gambling FBI names Lazarus Group responsible for Stake.com Attack

FBI names Lazarus Group responsible for Stake.com Attack

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According to the US Federal Bureau of Investigation, Lazarus Group is responsible for an attack that took place on Stake.com this past week.

Stake.com suspended operations on the 4th of September following unauthorised transfers from some of its hot wallets.

Stake.com was affected by the incident. It impacted Ethereum (ETC), Polygon, and Binance Smart Chains (BSC). Stake.com reported that all other wallets had not been affected and the site’s operations were back to normal within five hours of being flagged.

At the time, reports suggested that the operator had been exploited to the tune of $41.3m. (PS33.1m/EUR38.6m). The FBI has confirmed this figure, blaming Lazarus Group.

Lazarus Group, also known as APT38 or DPRK, is affiliated with the Democratic People’s Republic of Korea.

The FBI reported that cyber criminals transferred the funds stolen from Stake.com to a variety of addresses for virtual currencies.

FBI emphasizes Lazarus’ involvement in other attacks

FBI also stated that this group is responsible for a number of high-profile virtual currency thefts around the world. The group has stolen over $200.0m in virtual currency and other assets so far this year.

The FBI stated that it will “continue to expose illicit DPRK activities and fight against them” to raise revenue for their regime. This includes cybercrime, virtual currency theft and other forms of fraud.

Anyone with any information about this case is encouraged to contact the FBI.

Stake.com was launched in 2017 and has over 500,000 registered users around the globe. The network spans countries such as Canada, Brazil and Japan.

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