North Korean cybercriminals steal $22M from Indonesian crypto exchange | NK News
NK News Logo
November 25, 2024
NK News is hiring
News

North Korean cybercriminals steal $22M from Indonesian crypto exchange

Researchers say Lazarus Group used over 150 virtual transactions to launder funds and obscure extent of breach

North Korean cybercriminals stole more than $20 million in cryptocurrency from a leading Indonesian exchange last week, according to Indonesian state media, engineering more than a hundred virtual transactions to stealthily move the illicit funds.

Oscar Darmawan, the chief executive officer of the Indodax exchange, said in a statement that the attackers took advantage of apparent security lapses to potentially steal “several hundred billions of [Indonesian] rupiahs,” national news agency Antara reported on Saturday.

Become a member for less
than $5.75 per week.

  • Unlimited access to all of NK News: reporting, investigations, analysis
  • The NK News Daily Update, an email newsletter to keep you in the loop
  • Searchable archive of all content, photo galleries, special columns
  • Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now

All major cards accepted. No commitments – you can cancel any time.