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North Korea's Lazarus Group Accused of Stealing $22.8 Million in Cryptocurrency from Lykke, Leading to Platform Shutdown

Summary: According to The Telegraph, the UK-based cryptocurrency platform Lykke was forced to shut down and liquidate in March this year after hackers stole around £17 million (approximately $22.8 million) worth of Bitcoin and Ethereum. The UK Treasury's OFSI report identified the hackers as North Korea's Lazarus Group, with the funds allegedly used for military and ...

According to The Telegraph, the UK-based cryptocurrency platform Lykke was forced to shut down and liquidate in March this year after hackers stole around £17 million (approximately $22.8 million) worth of Bitcoin and Ethereum. The UK Treasury's OFSI report identified the hackers as North Korea's Lazarus Group, with the funds allegedly used for military and nuclear projects. Lykke founder Richard Olsen has declared bankruptcy, and the case is still under investigation.

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