Kim Jong Uns North Korean hackers stole £500m in cryptocurrency in single hack

A group of hackers linked to North Korean's despotic leader Kim Jong Un have stolen more than £500 million in cryptocurrency.

And amazingly, the North Korea-based group did it all with one single hack which has been labelled the “biggest to ever hit the crypto world”.

The group has been identified by the FBI as the Lazarus Group, who joined with APT38 to steal £469 million from popular online game Axie Infinity, which lets crypto fans earn the currency through gaming or trading with own avatars.

The FBI said: “Through our investigations we were able to confirm Lazarus Group and APT38, cyber actors associated with North Korea, are responsible for the theft.”

And a United States Treasury Department spokesman told Reuters: “The United States is aware that the DPRK has increasingly relied on illicit activities – including cybercrime – to generate revenue for its weapons of mass destruction and ballistic missile programs as it tries to evade robust US and UN sanctions.”

As a result of the hack, US officials called on the UN to freeze the Lazarus Group's assets.

Makers of the game, Sky Mavis, have refused to comment on the hack.

Earlier this week, A man from the United States was sentenced to five years in federal prison for advising North Korea on cryptocurrency trading.

The advice Virgil Griffith, 39, gave to North Korea on the digital currency comes in direct violation of US sanctions, which Griffith pleaded guilty to breaching.

He admitted to presenting a cryptocurrency conference to more than 100 people in Pyongyang in 2019, even after the US government had denied his request to travel to the country ran by despot Kim Jong-Un.

The apparently well-known hacker had developed "cryptocurrency infrastructure and equipment inside North Korea," prosecutors wrote in court papers.

The 2019 conference where Griffith lectured on how to use cryptocurrency to evade sanctions and achieve independence from banking systems, was reportedly attended by more than 100 people, some of which worked in the North Korean government.

Both the UN Security Council and US have imposed strict sanctions on North Korea in a series of attempts to curb the country and its efforts in nuclear and ballistic missile programs.

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