CoinEX hack was by North Korea’s Lazarus Group: SlowMist

• CoinEx was hacked for over $54 million, with blockchain safety companies tying the assault to North Korea’s Lazarus Group.
• The hackers are reportedly the identical one behind current assaults on Optimism and Polygon.

The hack on crypto change CoinEx was probably carried out by hackers from North Korea’s Lazarus Group, in response to particulars shared by blockchain safety agency SlowMist.

After highlighting that the safety breach on CoinEx had seen greater than $54 million in varied crypto belongings stolen, SlowMist posted one other alert earlier right now noting the assault may very well be the work of the infamous North Korea-affiliated group.

🚨SlowMist Safety Alert🚨

1/ @coinexcom Exploiter, @Stake Exploiter and #Alphapo Exploiter might all have ties to the North Korean Hackers often called #LazarusGroup.

Right here’s how we got here to that conclusion: https://t.co/IGNldb2ZZJ pic.twitter.com/SLGzSgbCis

— SlowMist (@SlowMist_Team) September 13, 2023

Blockchain sleuth ZachXBT additionally pointed to the identical conclusion, noting that Lazarus Group had inadvertently related the identical pockets handle used within the hack on Stake on the Optimism and Polygon networks.

It seems North Korea can be liable for the $54M @coinexcom hack from yesterday after they by chance related their handle to the $41M Stake hack on OP & Polygon.

0x75497999432b8701330fb68058bd21918c02ac59 pic.twitter.com/9qZPdc3yhT

— ZachXBT (@zachxbt) September 13, 2023

CoinEx says customers might be compensated

As CoinJournal reported yesterday, the assault on CoinEx noticed enormous flows from the change’s scorching wallets with preliminary studies placing the overall quantity drained at practically $28 million. At the moment, after additional blockchain safety checks, the heist has reportedly reached greater than $54 million. 

Unauthorised fund transfers initially concerned ETH, TRON, and MATIC. Nonetheless, that has since expanded to incorporate BTC, XRP, SOL, BCH and BSC tokens.

CoinEX has since offered an update assuring all affected customers that they are going to be compensated 100%. The change had earlier halted deposits and withdrawals.