• Alphapo, a crypto payments processor, suffered a security breach resulting in the loss of $60 million worth of crypto assets.
• Hackers managed to gain control of users’ crypto assets on several blockchains including Bitcoin, Ethereum, and Tron.
• The hack is believed to have been perpetrated by the North Korea-linked hacker group Lazarus due to their “very distinct” on-chain fingerprint.
Alphapo Security Breach
Crypto payments processor Alphapo recently suffered a security breach resulting in the loss of $60 million worth of crypto assets.
Hackers Gained Access
The hackers managed to gain control of users’ crypto assets on several blockchains including Bitcoin, Ethereum, and Tron. Assets stolen include 6 million USDT, 108,000 USDC, 2,500 ETH, 1,700 DAI, 100 million FTN, 430,000 TFL and an undetermined amount of BTC. The hackers then swapped these tokens for over 5,730 ETH before bridging them to Avalanche and Bitcoin.
Fingerprint Fingerpoints To Lazarus Group
On-chain sleuth ZachXBT believes the hack was perpetrated by the notorious North Korea-linked hacker group Lazarus due to their “very distinct” on-chain fingerprint.
Preventative Measures To Avoid Potential Losses
To prevent similar attacks from occurring in the future it is important that exchanges and other cryptocurrency companies implement robust security measures such as multi-signature wallets and 2FA authentication for user accounts as well as using cold storage for large amounts of cryptocurrencies stored online.
Conclusion
This attack serves as a reminder that no matter how secure your platform is there will always be risks posed by external actors looking to exploit vulnerabilities within it or elsewhere in the system – making it even more important for exchanges and other cryptocurrency companies to take extra precautions when safeguarding their customers‘ funds.