The Federal Bureau of Investigation has accused the Lazarus Group, a cybercriminal organization, of being responsible for the attack on Stake.com earlier this week.
According to the FBI, the assailants transferred funds taken from Stake.com to various cryptocurrency addresses. The group is also responsible for other high-profile international cryptocurrency robberies. They are believed to have pilfered over $200 million, including digital currency, so far this year.
Stake.com halted operations on September 4 after unauthorized transfers were made from several of its hot wallets. The event impacted Ethereum, Polygon, and Binance Smart Chain (BSC) on Stake.com. Stake.com stated that all other wallets were unaffected and operations resumed five hours after the problem was identified. At the time, reports suggested that the operators lost $41.3 million (£33.1 million/€38.6 million). Now, the FBI has confirmed this figure and blamed the Lazarus Group for the theft.
The Lazarus Group, also known as APT38, is connected to the Democratic People’s Republic of Korea (DPRK). The FBI has pointed out that the Lazarus Group has been involved in other assaults. The FBI added that the group is also responsible for other high-profile international cryptocurrency heists. They are believed to have stolen over $200 million, including cryptocurrency, so far this year.
The Federal Bureau of Investigation is taking a hard stance against North Korea’s questionable activities, including cybercrime and the theft of digital currency. They are urging anyone with information to come forward.
Stake.com, a prominent online gambling platform boasting over half a million users in countries such as Canada, Brazil, Japan, and the United Kingdom, has been operational since 2017.
Subscribe to the iGaming newsletter to stay informed.
