Hackers Who Plundered $305M Worth of Bitcoin From Japanese Crypto Exchange DMM Bitcoin Are Moving Their BTC

The hackers who plundered $305 million worth of Bitcoin from a Japanese crypto exchange earlier this year are moving their BTC.

Hackers who plundered $305 million in Bitcoin from a Japanese crypto exchange earlier this year are now moving their BTC.

According to crypto investigative firm Chainalysis, Japanese trading platform DMM Bitcoin lost 4,502.9 BTC in May in “the seventh-largest crypto hack ever.”

Blockchain security firm PeckShield reports that wallets linked to the hackers moved roughly 850 BTC, valued at over $54 million, to six different addresses this week.

Crypto security firm Beosin says the cybercriminals, who on-chain sleuths suspect are connected to the North Korean hacking outfit known as the Lazarus Group, likely used one of two methods to loot the funds.

“1. A traditional exchange attack. The signature service of DMM Bitcoin is attacked or the multi-sig private key is compromised. Then the attacker used a similar historical transfer address to receive funds to avoid detection and alert.

2. The exchange wallet controller suffered from an address spoofing scam, that is, only the first five digits and the last two digits of the receiving address were checked during the transfer, resulting in the transfer to the hacker address.”

Bitcoin is trading at $63,852 at time of writing. The top-ranked crypto asset by market cap is up more than 5% in the past 24 hours.

The above is the detailed content of Hackers Who Plundered $305M Worth of Bitcoin From Japanese Crypto Exchange DMM Bitcoin Are Moving Their BTC. For more information, please follow other related articles on the PHP Chinese website!