North Korean hackers blamed for $290 million worth of cryptocurrency theft

During the weekend, Hackers stole Over $290 million in crypto from Kelp DAO, a protocol that allows users to make returns on dormant cryptocurrency investments.

By Monday, LayerZero, one of the projects affected by the hack, accused North Korea of ​​carrying out the theft. The hack is now the largest cryptocurrency theft of the year so far, following a previous hack In crypto exchange drift In April, hackers made about $285 million.

per His post is on XLayerZero said hackers exploited Kelp DAO via its LayerZero bridge, which allows different blockchains to send instructions to each other. The hackers then took advantage of Kelp’s security configuration, which did not require multiple verifications before transactions were approved. This allowed hackers to withdraw funds through fraudulent transactions.

The company cited “initial indicators” pointing to North Korea as the culprit, particularly a hacking group targeting cryptocurrencies known as TraderTraitor.

Seaweed dao He responded To blame LayerZero for the theft instead.

In the past few years, North Korean hackers working for Kim Jong Un’s regime have become very successful at stealing cryptocurrencies. last year, North Korean hackers have stolen more than $2 billion in cryptocurrencies. Overall, since 2017, the total amount of cryptocurrencies stolen by North Korea is said to be around $6 billion.