Investigators Uncover Individual Selling Discounted Stolen Crypto from Recent Hacks

Investigators uncovered an individual selling discounted tokens from CoinEx, Stake hacks via Telegram.
Seller offered 3% discount on stolen tokens, accepted BTC as payment. Has $50M in TRX, ETH, BSC tokens currently.
Believed to be associated with hacker group but not core member, located in Europe. Displayed erratic behavior.
Links found between summer 2023 hacks but differences vs previous Lazarus Group methods.
North Korean hackers stole estimated $47M in crypto in 2022, similarities remain to recent hacks.

cointelegraph.com

Relevant topic timeline:

9/6/2023

North Korean hackers have allegedly stolen hundreds of millions in crypto to fund nuclear programs

North Korea-linked hackers have stolen over $200 million worth of cryptocurrency this year, accounting for more than 20% of all stolen crypto, in order to fund the regime's nuclear weapons programs, according to blockchain intelligence firm TRM Labs.

9/7/2023

Stake hack of $41M was performed by North Korean group: FBI

The FBI has determined that the $41 million hack of crypto gambling site Stake was carried out by North Korean hackers Lazarus Group, who have stolen over $200 million in cryptocurrency this year.

9/13/2023

Hackers Steal $53M in Cryptocurrency from CoinEx Exchange; Losses Traced to North Korean Group Lazarus

CoinEx, a global cryptocurrency exchange, suffered a hack where large amounts of digital assets were stolen, with preliminary estimates suggesting a loss of around $43 million, possibly linked to the North Korean hacking group Lazarus.

9/22/2023

Hong Kong Police Probe Alleged $166 Million Cryptocurrency Fraud at Unlicensed JPEX Trading Platform

Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses, with eleven people, including popular influencers, being arrested in what could be one of Hong Kong's biggest fraud cases as the city positions itself as a global hub for virtual assets.

10/5/2023

Hong Kong Forms Crypto Task Force After JPEX Exchange Scandal

The Hong Kong Police Force and Securities and Futures Commission have formed a working group to address illicit cryptocurrency exchange activities, particularly in response to the ongoing crypto scandal involving JPEX exchange, aiming to enhance monitoring, investigation, and collaboration on suspicious activities.

10/12/2023

Thief Launders $470 Million in Stolen FTX Crypto During Bankman-Fried Trial

A thief who stole over $470m in cryptocurrency from FTX is attempting to cash out $20m daily, while the exchange's founder is on trial for fraud and money laundering.

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Posted 10/3/2023, 11:50:18 AM