Lazarus Group Accused of $23 Million Lykke Heist, Forcing the Exchange into Liquidation

Back in June last year, Lykke suffered a theft of 158 BTC and 2,161 ETH, causing the exchange to shut down Recent investigations by UK authorities, including the Treasury’s sanctions office, attributed the Lykke hack to North Korea’s infamous Lazarus Group Analysts estimate that the group had siphoned off over $1.6 billion in crypto this year alone In June 2024, Lykke, a no-fee crypto exchange registered in the UK and headquartered in Switzerland, suffered a major breach. The result was the theft of 158 BTC and 2,161 ETH, totaling approximately $23 million. Both Lykke UK and Lykke Corp AG were affected, prompting immediate suspension of trading and withdrawals. In the recent report by the Office of Financial Sanctions Implementation, the hack was attributed to North Korea’s infamous Lazarus Group and other DPRK (Democratic People’s Republic of Korea) cyberactors. The Lazarus Group is a state-linked cybercrime collective responsible for numerous global crypto heists. It is also the perpetrator of the largest crypto exchange theft to date, when it stole $1.5 billion from Bybit in February this year. The Lykke event is now considered potentially the larg… The post Lazarus Group Accused of $23 Million Lykke Heist, Forcing the Exchange into Liquidation appeared first on Coin Edition .