North Korean Threat Actors Stole $41 Million in Online Casino Heist

This week, cyber attackers set their sights on Stake.com, an online casino game and sports betting platform. They successfully made away with around $41 million in cryptocurrencies. The FBI has pinpointed North Korea and its infamous state-supported hacking group, the Lazarus Group, as the responsible parties. 

According to Edward Craven, co-founder of Stake.com, the incident was characterized as a “sophisticated breach.” It exploited a specific service employed by the casino for authorizing cryptocurrency transactions. Despite the significant amount stolen by the state-affiliated hackers, particularly given the ongoing downturn in cryptocurrency prices, Craven affirmed that Stake.com would persevere in its operations. 

“The FBI has confirmed that this theft took place on or about September 4, 2023, and attributes it to the Lazarus Group (also known as APT38) which is comprised of DPRK cyber actors,” the agency said in a press release. 

The group has been active since 2010 and its primary interest lies in South Korean entities, The group engages in activities ranging from espionage to disruption and even outright destruction. Additionally, they have a track record of pursuing financial gains through cyber operations, which includes targeting cryptocurrency exchanges. 

In 2019, North Korea’s Lazarus Group gained infamy and was

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