Why is North Korea hacking cryptocurrency transactions? 🤔
. These actors are backed by the North Korean state and have made a bold start to 2022 after pulling off what is believed to be the biggest theft of cryptocurrency ever. As we had reported last month, the incident occurred on the 23rd of March, when the cybercriminals which is used as a platform to operate the popular battle game Axie Infinity.
The network operates with nine validator nodes and requires at least five validator signatures to recognize a deposit or withdrawal. The attackers managed to get control of four of the network's validators and abused a backdoor feature in the network to get a validator usually used by Axie. Using these five validators, the cyber attackers were successful in forging fake withdrawals to the tune of about $620 million, as confirmed in the FBI press release. The U.S.
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