North Korean hackers accused of $290M crypto theft

At the end of the week, Hackers stole more than $290 million in cryptocurrency Kelp DAO, a process that allows users to get a yield on idle crypto currencies.

As of Monday, LayerZero, one of the projects affected by the hack, blamed North Korea for the hack. The hack is now the biggest crypto theft of the year so far, following the previous hack on crypto exchange Drift in April they earned about $285 million in spoilers.

Per his post on XLayerZero said the hackers used Kelp DAO through its LayerZero bridge, which allows different blockchains to send instructions to each other. The hackers took advantage of Kelp’s security changes, which did not require multiple verifications before accepting transactions. This allowed the criminals to spend the money through fraud.

The company cited “early indications” that point to North Korea as the originator, specifically their hacking group targeting the so-called crypto. TraderTraitor.

Kelp DAO he answered to LayerZero and sue for theft instead.

In the past few years, North Korean hackers working for Kim Jong Un’s regime have been very successful in stealing crypto. Last year, North Korean hackers stole more than $2 billion in crypto. Overall, as of 2017, the amount of crypto stolen by North Korea is estimated to be around $6 billion.