Alphapo

#Alphapo • 2023-07

🇻🇨 Saint Vincent and the Grenadines

Alphapo, a centralized cryptocurrency payment provider serving e-commerce subscription services, gaming sites and online businesses, suffered a hot-wallet compromise later estimated at more than $60 million. On-chain researchers and subsequent FBI-linked reporting associated the stolen funds and laundering patterns with DPRK TraderTraitor-affiliated actors, also known as Lazarus Group and APT38, with funds swapped for ETH and bridged toward Bitcoin and Avalanche in patterns resembling prior Lazarus cryptocurrency thefts.

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