Evidence from blockchain data suggests that North Korean cybercriminals, potentially belonging to the notorious Lazarus Group, may be implicated in the recent hack of Euler Finance, which resulted in the theft of $200 million worth of digital assets. The hacker address controlled by Euler Finance has sent 100 Ether to a wallet associated with the Lazarus Group, which was also believed to have been behind Axie Infinity’s Ronin blockchain hack last year, in which $625 million worth of Ethereum and USDC were stolen. It remains unclear if the Lazarus Group was involved in the latest Euler Finance attack, or whether there is any affiliation between the two. Euler Finance has launched a $1 million reward for information leading to the arrest of the attacker and the return of stolen funds. Reports indicate that North Korean government-sponsored hackers have stolen over $1 billion worth of digital assets since 2017, with more than half the amount occurring in 2022 alone. Despite international sanctions against North Korea’s cybercrime activities, experts claim that their crypto hacking campaign may be unstoppable. North Korea denies all accusations pertaining to its involvement in cybercrime.
