North Korean hackers pulled off $620 million crypto heist, FBI says

[Yo_Mama_Been_Loggin]

SEOUL, April 15 (UPI) -- Hackers connected to the North Korean government were behind the theft of over $600 million in cryptocurrency from an online video game network last month, the FBI said.

"Through our investigation we were able to confirm Lazarus Group and APT38, cyber actors associated with the DPRK, are responsible for the theft of $620 million in Ethereum reported on March 29th," the FBI said in a statement released Thursday.

The Democratic People's Republic of Korea is the official name of North Korea.

"The FBI, in coordination with Treasury and other U.S. government partners, will continue to expose and combat the DPRK's use of illicit activities -- including cybercrime and cryptocurrency theft -- to generate revenue for the regime," the statement said.

https://www.msn.com/en-us/news/world/north-korean-hackers-pulled-off-dollar620-million-crypto-heist-fbi-says/ar-AAWfqxg

[captain queeg]

1. That's more then NK's GDP. Not really, but I'm sure the

income from hacking is one of their biggest single source of revenue. It’s state sponsored and I think if we ever got in a war with NK cyber attacks will be their primary method they’d utilize.

[Sherman A1]

2. MSN is really slow in their reporting

[sl8]

6. How so?

They're reporting on what the FBI said yesterday, yes?

What am I missing?

[Sherman A1]

7. NHK had the story posted hours ago

I find domestic news services just pitiful.

[sl8]

8. OK, thanks. n/t

[BSdetect]

3. So much for crypto security. Is the amount stolen gone forever?

[sarcasmo]

5. Crypto isn't covered by the FDIC, gone forever. Watch, The Hunt for the crypto King on Netflix.

[Jim__]

4. Does anyone understand how this happened?

From the cited article:

Video game company Sky Mavis announced in March that they had discovered the breach of Ronin Network, the blockchain used by players of its hugely popular Axie Infinity game. The game allows users to earn cryptocurrency through playing and trading characters called Axies, which are unique nonfungible tokens.

I thought blockchain technology was essentially unbreachable, not least because current copies always exist in multiple places.