Inside Lazarus Group: Analyzing North Korea's Most Infamous Crypto Hacks
2025-07-16 • Hacken •
Hacken links Lazarus Group, also tracked as APT38, Labyrinth Chollima, and HIDDEN COBRA, to a sustained shift from earlier disruptive operations into large-scale cryptocurrency theft between 2021 and 2025. The excerpt highlights attacks against Bithumb, Ronin Bridge, Atomic Wallet, Stake, CoinEx, WazirX, and Bybit, with techniques including social engineering, fake job offers, phishing, private-key compromise, smart-contract exploitation, validator-node abuse, API exploitation, and third-party multisig wallet supply-chain compromise. The Bybit theft is described as the group’s largest heist, involving Safe{Wallet} and $1.5 billion in Ethereum, while Ronin is tied to a fake LinkedIn job offer and validator-node compromise. The material matters for DPRK-focused tracking because it frames Web3 platforms, centralized exchanges, bridges, wallets, and gambling platforms as recurring high-value targets used to generate revenue for North Korea.
Indicators of Compromise
| Type | Value | First Seen | Last Seen |
|---|---|---|---|
| DOMAIN | stake.com | 2023-09-05 | 2025-12-31 |