The world press is buzzing with an extremely surprising move – North Korea allegedly stole $200 million worth of crypto from a hacker’s pocket. The incident took place on the Ethereum blockchain and caused quite a stir.
As you know, it happened that the Euler Finance DeFi protocol operating on the ETH blockchain fell victim to a hacker attack and a crypto-asset worth $200 million was lost. Today, March 22, it was revealed that a North Korean hacker-linked crypto wallet they tried to scam the individual exploiting the protocol.
The East Asian hacker who stole $625 million worth of crypto from Axie Infinity in March last year is attempted on blockchain contact the Euler thief. He wanted to trap her under the pretense that he needed help deciphering an encrypted message. However, according to the interviewed experts, this was a phishing attempt, the aim of which would have been to obtain the data belonging to the portfolio.
This unusual situation, where a hacker tries to outwit another hacker, surprised even the well-known people of the crypto world. Naturally, this rang the alarm bells at Euler Finance headquarters as well. The developers of the lending protocol are working hard to recover the stolen assets, but the situation can only worsen their chances.
Minutes following receiving the ominous message, the Euler Finance team did their best to intervene. They warned their “own” hacker of the possible danger, and added that a “the easiest solution is to return the crypto assets to them”.
Stephen Tong, blockchain security expert and Zellic.io co-founder, says it is possible that the North Koreans approached the Euler hacker with some kind of offer.
For now, it is a matter of time which party the swindler who damaged Euler Finance will vote for. It is also possible that he does not pay attention to them and continues to live his life with the stolen cryptos.
The Lazarus Group, a hacker group operating in North Korea, is most likely behind the incident. The criminal gang has made it clear on several occasions that it is working to disable the crypto sector. The stolen assets are reportedly used to finance North Korea’s weapons program.
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