Lazarus Group suspected by CoinsPaid of $37 million hack

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Lazarus Group suspected by CoinsPaid of $37 million hack
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North Korea's Lazarus Group is suspected of stealing about $37 million.

CoinsPaid suggests roundtable with other Lazarus Group victims.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.CoinsPaid is once again processing transactions after halting service in response to an attack on July 22. The company said it suspects North Korea's Lazarus Group orchestrated the attack.

"We believe Lazarus expected the attack on CoinsPaid to be much more successful," the company said in a."In response to the attack, the company's dedicated team of experts has worked tirelessly to fortify our systems and minimize the impact ... our security measures and procedures allowed CoinsPaid to prevent higher loss of funds."

CoinsPaid said client funds were not impacted, although revenues were. The company pointed out that Lazarus Group had allegedly hacked other crypto organizations like Sky Mavis' play-to-earn game Axie Infinity, Atomic Wallet and Alphapo.

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