The U.S. government has filed two legal complaints on October 4, 2024, to begin seizing more than $2.67 million in digital assets stolen by North Korea’s notorious Lazarus hacking group.
These filings aim to recover around $1.7 million in Tether (USDT) stolen during the 2022 Deribit hack, which saw $28 million drained from the crypto options exchange. The hackers used a hot wallet breach and laundered the funds through the Tornado Cash mixer and several Ethereum addresses to avoid detection.
Additionally, the U.S. is looking to recover about $970,000 in Avalanche–bridged Bitcoin (BTC.b) stolen in a 2023 hack on the Stake.com gambling platform, which resulted in over $41 million in losses.
This effort comes amid growing concerns about the scale of crypto hacks, with September 2024 alone seeing over $120 million lost to hacks and exploits, according to PeckShieldAlert.
Summary Review: The U.S. government is taking firm action against North Korean hackers by filing legal complaints to seize millions in stolen digital assets. This marks a significant step in combating cybercriminal activities, especially those linked to high–profile hacks like Deribit and Stake.com. As crypto hacks continue to pose a major threat, the government’s efforts to recover stolen assets signal a strong stance on securing the digital financial landscape and holding malicious actors accountable.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
