The Block Crypto News18 minutes ago

Published on June 25, 2024 07:03 GMT+00:00edited on June 25, 2024 07:04 GMT+00:00

Bitcoin DeFi protocol Alex Lab said the $4 million exploit it encountered last month was most likely linked to the Lazarus Group, a North Korea-backed cyber-hacking entity.

Alex Lab said in an X post on Tuesday that, after extensive investigations facilitated by crypto sleuth ZachXBT, the project has identified “substantial transaction evidence linking the attack to the Lazarus Group, a notorious hacker collective believed to be associated with the North Korean government.”

The team detailed in the post two addresses — an initial exploit link and an address connected to the Lazarus Group — which it said were “crucial” in tracing the flow of stolen assets. “We are actively collaborating with international law enforcement and cybersecurity experts to address the implications of this …