North Korean hackers stole $308 million worth of Bitcoin (BTC) from Japanese cryptocurrency exchange DMM in May 2024, federal investigators confirmed on Tuesday.
According to a new press release from the FBI, the FBI, the Japanese National Police and the Department of Defense Cyber Crime Center identified the North Korean group “TraderTraitor” as responsible for the theft of 4,502.9 Bitcoin.
According to investigators, the breach began in March when a hacker posed as a recruiter and sent a malicious GitHub link to an employee of Ginco, a DMM partner company. After the employee copied the link to his personal account, TraderTraitor gained access to the system and later impersonated an employee to infiltrate DMM’s communications.
According to authorities, the hackers then intercepted and modified a legitimate transaction request from DMM.
The stolen funds were quickly transferred to wallets controlled by TraderTraitor, which officials have linked to the North Korean government. The heist appears to be part of North Korea’s broader campaign to steal cryptocurrencies to generate revenue.
According to the press release, the international investigation highlights growing concerns…
