North Korean hackers are likely behind a new multi-million dollar cryptocurrency heist, the first virtual theft linked to state-backed attackers since they netted over half-a-billion dollars for the regime in 2022.

The Lazarus Group stole the funds from Atomic Wallet, a digital wallet service with over 5 million users worldwide, blockchain analysis firm Elliptic assessed in a report released Tuesday. Atomic Wallet confirmed reports that users’ crypto wallets were compromised but said less than 1% of monthly active users were affected. 

“The hack looks pretty straightforward, where they were able to gain access to non-custodial wallets and then