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SBI Crypto, a mining pool division of the $14 billion Japanese conglomerate SBI Holdings, has allegedly failed to disclose the loss of $21 million worth of digital assets to its members. This is according to investigative researcher ZachXBT. The company allegedly lost bitcoin (BTC), ether (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC) over a week ago.  Neither ZachXBT nor Protos could find evidence that the company disclosed any such loss to its members. Protos reached out to SBI Crypto for comment but didn’t receive a response prior to publication time. Tracing the movement of funds across the five blockchains into coin mixer Tornado Cash and instant exchanges, ZachXBT claimed the incident shares similarities to state-sponsored attacks by North Korea . SBI Crypto is a significant contributor to the security of the Bitcoin ledger, mining at least 692 blocks and ranking sixth among pool operators by hashrate over the last 12 months. Bitcoin...

SlowMist reveals a sophisticated APT attack by North Korea’s Lazarus Group targeting the cryptocurrency industry. Blockchain security firm SlowMist has recently revealed an alarming revelation: The infamous North Korean Lazarus Group is actively targeting the crypto currency industry through an advanced persistent threat (APT) attack . SlowMist Security Alert Recently, we and our partners discovered a large-scale APT attack directed by the North Korean #LazarusGroup against the crypto currency industry. The attack method is as follows: The attack er first disguises his identity, deceives the auditor… pic.twitter.com/XsM7F0bPcV — SlowMist (@SlowMist_Team) September 12, 2023 What are APT Attacks? An advanced persistent threat (APT) is a prolonged, target ed cyber attack where an intruder gains access to a network and remains undetected for an extended period. This kind of attack is generally state-sponsored or carried out by well-funded criminal organizations. What...

Crypto assets stolen by North Korea’s elite hacking groups and used to fund illicit weapons programs may soon be tracked and frozen by the South Korean government as it gears up to submit a new bill. According to several South Korea n government sources who spoke to Korea JoongAng Daily, officials have been working on legislation for 10 months that aims to “track and neutralize virtual coins and other crypto currency assets stolen by the North through hacking,” according to one insider. It has already gone through a round of revisions to include “practical measures to bolster national security ” at the order of president Yoon Suk Yeol, several said. One higher-up who asked to remain anonymous told the outlet that the bill will reflect the president’s concerns that “the country’s cybersecurity framework urgently needs repair” after it was “allowed…to fall into ruin in order to avoid offending North Korea” under its las...