Tag: Lazarus

Crypto Losses: $1.8 Billion Lost to Cyber Heists in 2023, North Korea’s Lazarus Group Leads the Charge

Crypto Schemes tamir - January 3, 2024

It is a concerning trend in the web3 space: an estimated $1.8 billion was lost to hackers and fraudsters in 2023, with a significant portion of these losses linked to the notorious North Korea-affiliated hacker group Lazarus. The global web3 space was valued at over $934 billion in 2022. That capital represents an unparalleled and attractive opportunity for blackhat hackers.

Accused Tornado Cash Developer Roman Storm Pleads Not Guilty!

Court Cases tamir - September 8, 2023

In a recent court proceeding, Roman Storm, a developer associated with Tornado Cash, entered a plea of "not guilty" in response to allegations of involvement in money transmission without proper licensing, facilitating money laundering, and evading sanctions. The defense emphasizes the intricate nature of the case, centered around utilizing Tornado Cash's cryptocurrency mixer by the widely recognized hacker group from North Korea, Lazarus.

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