According to cybersecurity experts from SlowMist and investigator ZachXBT it is believed that the cyberattack on CoinEx, a cryptocurrency exchange was orchestrated by the Lazarus Group. This hacking group is suspected to have ties to the Korean government. Notably the same wallets involved in draining funds from CoinEx on September 12 were also connected to a $41 million theft from Stake.com, a cryptocurrency casino.
In both incidents substantial amounts of money were emptied from the companies online wallets known as "wallets. The FBI has attributed the hack on Stake.com to Lazarus indicating that it is highly likely they are also responsible for the attack on CoinEx. Additionally blockchain data reveals a connection between addresses involved in both thefts.
A report by SlowMist points out that the same address was utilized in
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First found on: Lazarus Group Suspected of Stealing Over $270 Million in Crypto Attacks
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