On July 25, attackers believed to be Lazarus drained at least $60 million in crypto from Alphapo hot wallets. Alphapo processed payments for crypto casinos like Ignition and Bovada. Coinspaid, another payments provider purportedly tied to Alphapo halted withdrawals around the same. The operator claims to have processed 19 billion Euros in transactions.
“Technical issues,” the Coinspaid team said as the reason for the halt. The team told users to await an official announcement.
Lazarus group is tied to several high-profile hacks in decentralized finance and crypto. On-chain analysts have attributed exploits like the $600 million Ronin bridge hack and the $100 million Harmony bridge exploit to the DPRK-linked organization.
The U.S. Treasury Department sanctioned Tornado Cash due to suspicions that Lazarus used the crypto mixer to launder hundreds of millions of stolen digital currencies.
Lazarus is also reportedly connected to a network of terrorist financing rings in Russia and across the globe.