North Korean Hackers Behind $100 Million Horizon Bridge Crypto Theft: FBI

The Federal Bureau of Investigation (FBI) has announced that North Korean hackers are believed to be behind a $100 million cryptocurrency theft from the Singapore-based blockchain firm, Horizon Bridge. The incident, which occurred in April 2020, involved the theft of cryptocurrency from the firm's hot wallet, which is used to store and transfer digital assets. According to the FBI, the hackers used a combination of phishing and malware attacks to gain access to Horizon Bridge's systems. They then transferred the stolen cryptocurrency to various accounts and exchanges, making it difficult for authorities to trace the funds. The FBI has identified the North Korean hacking group Lazarus as being responsible for the attack. Lazarus is a state-sponsored hacking group that has been active since 2009 and is known for its cyber-espionage and financially motivated attacks. The group has been linked to multiple high-profile cyber attacks in the past, including the attack on Sony Pictures in 2014 and the WannaCry ransomware attack in 2017. The FBI's announcement serves as a reminder of the growing threat of cyber attacks from nation-state actors. Cryptocurrency exchanges and firms are particularly vulnerable to these types of attacks due to the large amounts of value stored in their systems. Organizations in the cryptocurrency industry should take steps to protect themselves, such as implementing multi-factor authentication, regular security assessments, and employee training on cybersecurity best practices. In conclusion, the FBI has announced that North Korean hackers, specifically Lazarus group, is believed to be behind a $100 million cryptocurrency theft from Singapore-based blockchain firm, Horizon Bridge. The incident occurred in April 2020 and involved the theft of cryptocurrency from the firm's hot wallet. This serves as a reminder of the growing threat of cyber attacks from nation-state actors and the importance of protecting organizations from such attacks by implementing security measures and employee training.