It is said to be the largest crypto theft this year. By forging messages between blockchains, around $290 million in the cryptocurrency Ethereum was drained from crypto company Kelp DAO this weekend.
“Preliminary indicators point to a highly sophisticated state actor, likely North Korea’s Lazarus Group,” said technology company Layer Zero, whose servers were compromised during the attack.
The Lazarus Group has been accused of a number of high-profile crypto heists, including last year's theft of $1.5 billion worth of digital assets from the crypto exchange Bybit.
According to a UN panel, the North Korean regime is using stolen cryptocurrency to finance its nuclear weapons development.
