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FBI says North Korean hackers preparing to cash out after high-profile crypto hacks on August 23, 2023 at 12:05 pm

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The U.S. government said it believes North Korean hackers are preparing to cash out millions of dollars stolen during a spate of high-profile crypto hacks.

On Tuesday, the FBI warned cryptocurrency companies about recent blockchain activity connected to the theft of hundreds of millions of dollars in cryptocurrency by malicious actors affiliated with the North Korea-backed Lazarus Group, also known as APT38 and “TraderTraitor.”

The FBI said that over the past 24 hours, it had tracked approximately 1,580 Bitcoin — worth more than $40 million — that the North Korean hackers are currently holding in six separate crypto wallets. The FBI said these funds were stolen during “several” cryptocurrency heists.

This includes the theft of virtual currency from Atomic Wallet in June, which saw the hackers compromise an estimated 5,500 customer wallets to steal funds worth more than $100 million. Blockchain analysis firm Elliptic previously said it assessed with a “high level of confidence” that the Lazarus Group was behind the attack, and noted that the laundering of the stolen crypto assets followed “a series of steps that exactly match those employed to launder the proceeds of past hacks perpetrated by Lazarus Group.”

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The FBI also linked Lazarus Group hackers to the theft of $60 million in virtual currency from centralized crypto payment provider AlphaPo and $37 million from cryptocurrency wallet provider CoinsPaid.

CoinsPaid, which was forced to halt operations for four days due to the incident, said in a July post-mortem of the attack that it suspected that Lazarus Group was responsible.

The wallet provider also confirmed that it was compromised after hackers contacted CoinsPaid employees via LinkedIn with high-paying job offers — a popular tactic employed by North Korea — to entice them into downloading malware-laced JumpCloud software. JumpCloud was recently breached by North Korean hackers as part of efforts to target cryptocurrency customers, which multiple cybersecurity firms linked to Lazarus Group.

In its advisory, the FBI warned that the North Korean hackers are preparing to cash out the $40 million in stolen funds in the coming days. Crypto organizations are urged to examine recent blockchain data linked to six Bitcoin addresses shared by the FBI and “be vigilant in guarding against transactions directly with, or derived from the addresses.”

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“The FBI will continue to expose and combat the DPRK’s use of illicit activities — including cybercrime and virtual currency theft — to generate revenue for the regime,” the FBI added. North Korea is known for using crypto thefts to fund its internationally sanctioned nuclear weapons program.

Lazarus Group has been previously been tied to several other crypto exchange hacks, including the theft of $100 million in crypto assets from Harmony’s Horizon Bridge and the theft of $625 million in cryptocurrency from the Ronin Network, an Ethereum-based sidechain made for the popular play-to-earn game Axie Infinity.

According to a recent report from blockchain intelligence company TRM Labs, North Korean hackers have stolen almost $2 billion in cryptocurrency since 2018 over more than 30 attacks — including almost $1 billion in 2022 alone. Lazarus Group has stolen approximately $200 million in 2023 so far, according to the report, accounting for over 20% of all stolen crypto this year.

The U.S. government has announced a $10 million reward for information on members of state-sponsored North Korean threat groups, including the notorious Lazarus Group.

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​ The U.S. government said it believes North Korean hackers are preparing to cash out millions of dollars stolen during a spate of high-profile crypto hacks. On Tuesday, the FBI warned cryptocurrency companies about recent blockchain activity connected to the theft of hundreds of millions of dollars in cryptocurrency by malicious actors affiliated with the North 

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Netanyahu’s UN Speech Triggers Diplomatic Walkouts and Mass Protests

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What Happened at the United Nations

On Friday, Israeli Prime Minister Benjamin Netanyahu addressed the United Nations General Assembly in New York City, defending Israel’s ongoing military operations in Gaza. As he spoke, more than 100 delegates from over 50 countries stood up and left the chamber—a rare and significant diplomatic walkout. Outside the UN, thousands of protesters gathered to voice opposition to Netanyahu’s policies and call for accountability, including some who labeled him a war criminal. The protest included activists from Palestinian and Jewish groups, along with international allies.

Why Did Delegates and Protesters Walk Out?

The walkouts and protests were a response to Israel’s continued offensive in Gaza, which has resulted in widespread destruction and a significant humanitarian crisis. Many countries and individuals have accused Israel of excessive use of force, and some international prosecutors have suggested Netanyahu should face investigation by the International Criminal Court for war crimes, including claims that starvation was used as a weapon against civilians. At the same time, a record number of nations—over 150—recently recognized the State of Palestine, leaving the United States as the only permanent UN Security Council member not to join them.

International Reaction and Significance

The diplomatic walkouts and street protests demonstrate increasing global concern over the situation in Gaza and growing support for Palestinian statehood. Several world leaders, including Colombia’s President Gustavo Petro, showed visible solidarity with protesters. Petro called for international intervention and, controversially, for US troops not to follow orders he viewed as supporting ongoing conflict. The US later revoked Petro’s visa over his role in the protests, which he argued was evidence of a declining respect for international law.

BILATERAL MEETING WITH THE PRIME MINISTER OF ISRAEL Photo credit: Matty STERN/U.S. Embassy Jerusalem

Why Is This News Important?

The Gaza conflict is one of the world’s most contentious and closely-watched issues. It has drawn strong feelings and differing opinions from governments, activists, and ordinary people worldwide. The United Nations, as an international organization focused on peace and human rights, is a key arena for these debates. The events surrounding Netanyahu’s speech show that many nations and voices are urging new action—from recognition of Palestinian rights to calls for sanctions against Israel—while discussion and disagreement over the best path forward continue.

This episode at the UN highlights how international diplomacy, public protests, and official policy are all intersecting in real time as the search for solutions to the Israeli-Palestinian conflict remains urgent and unresolved.

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Is a Nuclear-Powered Alien Spacecraft Flying Toward Earth?

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A mysterious interstellar object speeding through our solar system has reignited debates about extraterrestrial technology — and whether Earth might currently be under quiet observation.

The object, known as 3I/ATLAS, is only the third confirmed interstellar visitor ever detected. Unlike ordinary comets, however, this cosmic traveler has baffled astronomers with its unusual brightness, strange trajectory, and lack of a visible cometary tail. While most scientists cautiously describe it as a natural body, one leading astrophysicist believes something much stranger is at play.

Harvard Scientist’s Bold Claim

Professor Avi Loeb of Harvard University, head of the Galileo Project, has suggested that 3I/ATLAS may in fact be a nuclear-powered alien spacecraft designed to test how humanity would respond to an interstellar visitor. He argues that its flight path is improbably precise, bringing it close to Mars, Venus, and Earth — a pattern highly unlikely to occur by chance.

Loeb also points out that telescope images show a glow inconsistent with ordinary dust behavior. Instead of trailing behind like a comet, the halo-like light appears to extend in unusual ways, sparking debate about whether the object could be emitting energy of its own.

Headed Toward Earth’s Neighborhood

3I/ATLAS is expected to make its closest approach in late 2025, passing near Mars before swinging by the inner solar system. Although Earth itself will be on the opposite side of the Sun when it comes closest, the alignment will still enable space-based observatories to capture sharper data.

Loeb has called on NASA and other agencies to use spacecraft already stationed near Mars or Jupiter — including the Juno mission — to take high-resolution photographs. He believes such efforts could reveal whether the interstellar object is truly natural, or the first technological probe humanity has ever encountered.

Should We Be Worried?

While most astronomers argue caution before jumping to alien conclusions, Loeb insists that scientific openness is key. “If it’s just a comet, we learn something new,” he said. “But if it’s a spacecraft, it would be the most important discovery in human history.”

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For now, 3I/ATLAS remains a mysterious speck on astronomers’ charts, drifting closer with each passing day. Whether it proves to be a frozen remnant of another star system or something far more advanced, the interstellar visitor has already succeeded in one mission: reminding us how vast and unpredictable the universe really is.

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AI Automation Could Cause Up to 20% Unemployment—A Workforce on the Brink

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Stark Warning from Anthropic CEO Highlights Rapid Job Displacement Risk

The looming threat of widespread unemployment due to AI automation has sparked intense debate among experts, business leaders, and policymakers. Dario Amodei, CEO of Anthropic—the company behind the influential AI language model Claude—issued a stark warning that has sent shockwaves through corporate America:

“Up to half of all entry-level white collar jobs could disappear within the next one to five years, potentially pushing unemployment rates as high as 20% during this period.”

This dramatic forecast paints a picture of a rapid and unsettling transformation in the workforce, driven by AI technologies that can perform complex cognitive tasks.

Balancing Predictions: Worst-Case Scenarios vs. Moderate Impact

However, this forecast represents one end of a spectrum of expert predictions. While Amodei’s warning highlights the worst-case scenario driven by the swift adoption of AI agents capable of coding, analyzing data, drafting legal documents, and managing workflows around the clock, other analyses suggest a more moderate impact. For example, Goldman Sachs estimates that AI could temporarily displace about 6-7% of U.S. jobs, with unemployment rising by approximately half a percentage point during the adjustment period. Their research anticipates a more gradual transition with a mixture of job disruption and creation.

The Unprecedented Speed and Scope of AI-Driven Job Disruption

The truth likely lies somewhere in between. AI is advancing at unprecedented speed, and the scope of jobs affected spans far beyond blue-collar roles to white-collar positions that required college degrees and years of training. Entry-level roles such as customer service representatives, data entry clerks, junior analysts, and administrative assistants face the greatest near-term risk. Mid-level roles in accounting, marketing, law, and engineering could soon follow, with companies already laying off workers citing AI-driven efficiencies.

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Preparing for an AI-Transformed Workforce: Adaptation Is Essential

Ultimately, the AI-driven job transformation is no longer a distant prospect but unfolding now. Whether unemployment spikes to 20% or stabilizes at lower levels depends on many factors, including business adoption rates, government policies, and the ability of workers to reskill. What is certain is that the workforce of tomorrow will look very different from today—and the time to prepare is right now.

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