{"id":23509,"date":"2024-06-25T11:03:18","date_gmt":"2024-06-25T08:03:18","guid":{"rendered":"https:\/\/coinengineer.io\/?p=23509"},"modified":"2024-06-25T11:03:18","modified_gmt":"2024-06-25T08:03:18","slug":"alex-lab-suspects-4-million-exploit-linked-to-north-koreas-lazarus-group","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/alex-lab-suspects-4-million-exploit-linked-to-north-koreas-lazarus-group\/","title":{"rendered":"Alex Lab Suspects $4 Million Exploit Linked to North Korea&#8217;s Lazarus Group"},"content":{"rendered":"<p><strong>Alex Lab<\/strong>, a developer of Bitcoin layer-2, thinks the $4 million breach they had in May is most likely connected to the infamous <strong>Lazarus Group<\/strong>, North Korean hacker team. Alex Lab noted three wallet addresses hackers used on May 16 to drain cash from the Bitcoin-based decentralized finance (DeFi) network in a June 25 post on X.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/alex-lab-suspects-4-million-exploit-linked-to-north-koreas-lazarus-group\/#Research_and_Proof_of_Evidence\" title=\"Research and Proof of Evidence\">Research and Proof of Evidence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/alex-lab-suspects-4-million-exploit-linked-to-north-koreas-lazarus-group\/#Affective_on_ALEX_Token\" title=\"Affective on ALEX Token\">Affective on ALEX Token<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Research_and_Proof_of_Evidence\"><\/span>Research and Proof of Evidence<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The researchers gathered evidence connecting <strong>Lazarus<\/strong> to the exploit working with independent blockchain sleuth ZachXBT. Alex Lab told users on May 16 that attackers had syphoned out around $4.3 million by using its BNB Smart Chain bridge. Furthermore used were about $13.7 million worth of Stacks (STX) tokens, some of which were transmitted to controlled exchanges and later locked.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/biden-likely-to-win-popular-vote-but-not-presidency-according-to-prediction-markets\/\"><em><span style=\"font-weight: 400;\">This Might Interest You: Biden Likely to Win Popular Vote, But Not Presidency, According to Prediction Markets<br \/>\n<\/span><\/em><\/a><\/p>\n<p><strong>Alex Lab<\/strong> revealed on June 20 that the assailant had off-ramped the stolen STX utilizing numerous DeFi protocols and bridges including Arkadiko, Bitflow, and Allbridge, transmitting over 11,800 STX transactions. Though the smart contracts of the Alex Protocol were never hacked, the vulnerability included hackers obtaining access to the team&#8217;s private keys.<\/p>\n<p><strong>Alex Lab<\/strong> pledged to stop legal action should the 90% of the pilfers be recovered and gave the attackers a 10% reward for this purpose. The assailants did not answer the reward appeal, however.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Affective_on_ALEX_Token\"><\/span>Affective on ALEX Token<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Alex Lab&#8217;s native ALEX token has sunk 10% in the previous week and dropped 47% over the past month, therefore the exploit has had a big effect on its pricing. Right now it is trading at $0.07.<\/p>\n<p><em><a href=\"https:\/\/t.me\/coinengineernews\"><span style=\"font-weight: 400;\">Click here to get the latest news from Coin Engineer!<\/span><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alex Lab, a developer of Bitcoin layer-2, thinks the $4 million breach they had in May is most likely connected to the infamous Lazarus Group, North Korean hacker team. Alex Lab noted three wallet addresses hackers used on May 16 to drain cash from the Bitcoin-based decentralized finance (DeFi) network in a June 25 post<\/p>\n","protected":false},"author":6,"featured_media":23510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1,2],"tags":[6139,6996],"class_list":["post-23509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-genel","category-news","tag-alex-lab","tag-lazarous-group"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alex Lab Suspects $4 Million Exploit Linked to North Korea&#039;s Lazarus Group - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/alex-lab-suspects-4-million-exploit-linked-to-north-koreas-lazarus-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alex Lab Suspects $4 Million Exploit Linked to North Korea&#039;s Lazarus Group - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Alex Lab, a developer of Bitcoin layer-2, thinks the $4 million breach they had in May is most likely connected to the infamous Lazarus Group, North Korean hacker team. Alex Lab noted three wallet addresses hackers used on May 16 to drain cash from the Bitcoin-based decentralized finance (DeFi) network in a June 25 post\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/alex-lab-suspects-4-million-exploit-linked-to-north-koreas-lazarus-group\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-25T08:03:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/alex-lab.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/alex-lab-suspects-4-million-exploit-linked-to-north-koreas-lazarus-group\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/alex-lab-suspects-4-million-exploit-linked-to-north-koreas-lazarus-group\/\",\"name\":\"Alex Lab Suspects $4 Million Exploit Linked to North Korea's Lazarus Group - 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