$170K of Stolen Ethereum Traced to North Korean Hackers

After that, they initiated a flash loan, which made it possible for them to borrow $30 million in DAI from the Aave protocol.The connection to North Korean hackers was made when Chainalysis discovered that approximately $170,000 worth of Ethereum stolen in the Euler Finance hack was sent to an address previously associated with North Korean hacking activities.

The involvement of North Korean hackers in the Euler Finance hack highlights the growing threat of cybercrime in the DeFi space., South Korea has imposed its first-ever crypto-related sanctions on North Korea due to the latter's cryptocurrency crimes., with decentralized finance protocols accounting for most of the losses.

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Source: Reuters - 🏆 2. / 97 Read more »