The FBI has identified North Korea’s Lazarus Group as responsible for a $41 million theft from Stake.com, a cryptocurrency-based sports betting platform, in early September.
This group has been involved in other major cryptocurrency thefts totaling over $200 million this year, including $60 million in July and $100 million in June. Suspicious transactions were detected on Ethereum, Polygon, and BNB Chain.
Lawmakers from both parties are increasingly concerned about cryptocurrency-related crimes and have introduced legislation like the Crypto-Asset National Security Enhancement and Enforcement Act (CANSEE) to address issues such as money laundering.
The FBI had previously warned about North Korean entities cashing out over $40 million worth of Bitcoin. The Lazarus Group uses spearphishing and malicious software to steal cryptocurrencies, posing serious threats to public safety and global financial systems.
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