American authorities have found evidence of a criminal connection to a drug trade. North Korean hackers have allegedly stolen over $100 million in cryptocurrency. On Tuesday, the FBI announced that the two notorious criminal cases are linked. Lazarus Group APT38 and the Horizon Bridge Network, believed to be a channel for various cryptocurrencies.
Moreover, according to the FBI, Railgun was used to transfer approximately $60 million worth of digital currency. This tracing technology was built by Infinity Axis, a gaming firm, as a way to track crypto transactions.
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This is the first incident of North Korean cybertheft of digital currency that the US government has responded to by taking a pledge to “identify and prevent” any crypto-related money laundering or weapon of mass destruction activities.
Lazarus Group APT38 and APT38 are also believed to be responsible for the Ronin Blockchain theft of over $638 million worth of digital coins. They are also said to be behind the 2014 Sony Pictures ransomware attack which targeted over 200 computers in 150 countries.
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The FBI has classified the group as a “state-backed hacking group,” and it appears that the agency is taking a strong stance on the issue of North Korea and its illicit cyber activities. It remains to be seen how the FBI will handle any future cases involving the country.
