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CoinsPaid

Date (as written)
2023-07
Year
2023
Country
Estonia
Actors (as written)
Lazarus
Actor pages
Lazarus
Tags (as written)
FinancialGain Cryptocurrency
Dollar figures (as written)
$37.3 million; USD 40 million; $37,300,000; $97,000,000; $38 million; 44m; $37 million; approximately $60 million; $200 million; $60 million; $ 37,300,000; $37,200,000; approximately $37 million; approximately 1,186.9 ETH; $101 million; at least $291.3 million across five distinct incidents in 2023 (combined); $100 million

Source entries (17)

lazarus.day

CoinsPaid · 2023-07
CoinsPaid was hit by a July 2023 cryptocurrency theft that the company and multiple blockchain-analysis reports linked to Lazarus Group activity, with later reporting describing laundering through cross-chain bridges, token swaps, and mixers such as Sinbad. Linked analyses connect the incident to a broader 2023 Web3 intrusion wave affecting Atomic Wallet, Alphapo, Stake, and CoinEx, and describe social-engineering tradecraft involving fake LinkedIn recruiters and malicious JumpCloud Agent installation against CoinsPaid employees.
https://lazarus.day/incidents/coinspaid/

EuRepoC

North Korean hacking group 'Lazarus' targeted cryptocurrency payments platform CoinsPaid on 22 July 2023 · 22.07.2023
The North Korean state-backed hacking group 'Lazarus' is suspected of having targeted cryptocurrency payments platform CoinsPaid on 22 July 2023, the company disclosed on 26 July. The incident led the platform, which runs a payment system to support businesses in the use of cryptocurrencies, to shut down for four days. Lazarus is assessed to have siphoned off $37.3 million in company assets during the theft, which reportedly did not affect client funds. Incident analysis shared by CoinsPaid identified the intrusion as a hybrid attack combining social engineering, bribery of critical personnel, and intrusion attempts against numerous internet-accessible applications. On 22 August 2023, the FBI warned cryptocurrency companies of a possible USD 40 million transfer of cryptocurrencies by North Korean TraderTraitor-affiliated actors, also known as Lazarus, which are linked to cyberattacks on cryptocurrency companies. In the same warning, the FBI also attributed the cyber incident on cryptocurrency companies Alphapo, CoinsPaid and AtomicWallet to the Lazarus hacking group.
Sources cited by EuRepoC (22)
https://www.hackread.com/north-korea-lazarus-group-coinspaid-crypto-heist/
https://securityaffairs.com/148955/breaking-news/security-affairs-newsletter-round-430-by-pierluigi-paganini-international-edition.html
https://securityaffairs.com/148895/cyber-crime/coinspaid-cyber-heist.html
https://coinspaid.com/tpost/0zx28tmj51-coinspaid-is-back-to-processing-after-be
https://coinspaid.com/tpost/7t4xtbgyl1-hack-details-revealed-immediate-reaction
Show 17 more
https://thehackernews.com/2023/07/starkmule-targets-koreans-with-us.html
https://research.checkpoint.com/2023/31st-july-threat-intelligence-report/
https://socradar.io/major-cyberattacks-in-review-july-2023/
https://securityaffairs.com/149798/hacking/north-korea-cash-out-stolen-crypto-assets.html
https://therecord.media/north-korea-lazarus-behind-crypto-heists
https://www.fbi.gov/news/press-releases/fbi-identifies-cryptocurrency-funds-stolen-by-dprk
https://www.bleepingcomputer.com/news/security/crypto-casino-stakecom-loses-41-million-to-hot-wallet-hackers/
https://securityaffairs.com/150957/apt/lazarus-stole-240m-crypto-assets.html
https://securityaffairs.com/151433/hacking/mixin-network-200m-cyber-heist.html
https://securityaffairs.com/152106/apt/north-korea-laundered-900-million.html
https://therecord.media/poloniex-cryptocurrency-platform-millions-stolen
https://www.techrepublic.com/article/sekoia-financial-sector-evolutions-threats/
https://www.bleepingcomputer.com/news/security/us-seizes-sinbad-crypto-mixer-used-by-north-korean-lazarus-hackers/
https://www.bleepingcomputer.com/news/security/north-koreas-state-hackers-stole-3-billion-in-crypto-since-2017/
https://therecord.media/cybercriminals-stole-over-1-billion-from-crypto-funds-2023
https://www.bleepingcomputer.com/news/security/japan-warns-of-malicious-pypi-packages-created-by-north-korean-hackers/
https://therecord.media/north-korea-cryptocurrency-hacks-un-experts

ThaiCERT Threat Group Cards

CoinsPaid blames Lazarus hackers for theft of $37,300,000 in crypto · 2023-07
CoinsPaid blames Lazarus hackers for theft of $37,300,000 in crypto https://www.bleepingcomputer.com/news/security/coinspaid-blames-lazarus-hackers-for-theft-of-37-300-000-in-crypto/
https://www.bleepingcomputer.com/news/security/coinspaid-blames-lazarus-hackers-for-theft-of-37-300-000-in-crypto/

tayvano/lazarus-bluenoroff-research

Alphapo + Coinspaid · 2023-07-22
Amt Stolen: $97,000,000
https://github.com/tayvano/lazarus-bluenoroff-research/blob/main/hacks-and-thefts/alphapo_coinspaid.md

CFR Cyber Operations Tracker

Targeting of CoinsPaid cryptocurrency service · Jul 2023
CoinsPaid, a cryptocurrency management firm, was hacked by the North Korean threat actor Lazarus Group. Lazarus managed to steal almost $38 million in various kinds of cryptocurrency.
https://www.cfr.org/cyber-operations/targeting-of-coinspaid-cryptocurrency-service
https://coinspaid.com/tpost/0zx28tmj51-coinspaid-is-back-to-processing-after-be

UN Panel of Experts S/2024/215

CoinsPaid · 22 July 2023
Annex 95: Suspected DPRK cyberattacks on cryptocurrency-related companies (2017-2023) investigated by the Panel. Table 2023: Victim: CoinsPaid; Date: 22 July; Amount (USD equivalent): 44m; Location: Estonia
https://undocs.org/S/2024/215

FBI press release 2023-08-22

CoinsPaid · June 22, 2023
...the $37 million theft of virtual currency from CoinsPaid on June 22, 2023
https://www.fbi.gov/news/press-releases/fbi-identifies-cryptocurrency-funds-stolen-by-dprk

FBI press release 2023-09-06

Alphapo and CoinsPaid · on or about July 22, 2023
In 2023 alone, DPRK cyber actors have stolen more than $200 million. This amount includes, but is not limited to, approximately $60 million of virtual currency from Alphapo and CoinsPaid on or about July 22, 2023
https://www.fbi.gov/news/press-releases/fbi-identifies-lazarus-group-cyber-actors-as-responsible-for-theft-of-41-million-from-stakecom

SlowMist Hacked (hacked.slowmist.io)

CoinsPaid · 2023-07-22
Description of the event: Recently, Estonian encrypted payment service provider CoinsPaid said it suffered a cyber attack and $37.3 million worth of cryptocurrency was stolen. Although the attack caused significant financial losses to the company and had many adverse effects on the usability of the payment platform, the company stated that customer funds are still safe and the incident will not have a significant impact on the company's business. CoinsPaid said the attack was initiated by the Lazarus hacking group, and their goal was to obtain higher cash. On July 26, SlowMist tweeted that CoinsPaid, Atomic and Alphapo attackers may all be the North Korean hacker organization Lazarus Group. | Amount of loss: $ 37,300,000 | Reference: https://coinspaid.com/tpost/0zx28tmj51-coinspaid-is-back-to-processing-after-be
https://hacked.slowmist.io/

Mendeley Data: Collection of DPRK state-sponsored threat actors' activities v2 (Lyu, Sungkyunkwan Univ.)

CoinsPaid · 2023-07
Reported: 2023-07; Victims: CoinsPaid; Motivations: FinancialGain; Sectors: Cryptocurrency; Countries: Estonia
https://data.mendeley.com/datasets/wwb2rzgfn7/2

Check Point Research

31st July – Threat Intelligence Report · 2023-07-31
Estonian crypto-payments service provider CoinsPaid has announced that it experienced a cyber-attack on July 22nd that resulted in the theft of $37,200,000 worth of cryptocurrency. CoinsPaid is blaming the attack on the North Korean hacking group Lazarus.
https://research.checkpoint.com/2023/31st-july-threat-intelligence-report/

US court filing via CourtListener RECAP: United States v. 1,168,679 In Funds Associated with Two Stablecoin Addresses on The Ethereum Network

CoinsPaid theft · June 2023
In June 2023, North Korean hackers stole approximately $60 million in virtual currency from Alphapo, a centralized virtual currency payment provider, and approximately $37 million in virtual currency from CoinsPaid, another virtual currency payment platform. [Case No. 2:24-cv-04640, U.S. District Court for the Central District of California; filing: COMPLAINT No Fee Required - US Government, filed by plaintiff UNITED STATES OF AMERICA.]
https://storage.courtlistener.com/recap/gov.uscourts.cacd.928473/gov.uscourts.cacd.928473.1.0.pdf

US court filing via CourtListener RECAP: United States v. APPROXIMATELY 1,159,834.52 USDT

CoinsPaid theft (Estonian company) · on or about July 22, 2023
Then, in or around July 2023, North Korean cyber actors stole approximately $37 million in virtual currency from CoinsPaid, an Estonian company ... on or about July 22, 2023, North Korean hackers stole approximately $101 million in virtual currency from Alphapo and approximately $37 million in virtual currency from CoinsPaid. [Case No. 1:25-cv-03771, U.S. District Court for the District of Columbia; filing: COMPLAINT against APPROXIMATELY 1,159,834.52 USDT]
https://storage.courtlistener.com/recap/gov.uscourts.dcd.286215/gov.uscourts.dcd.286215.1.0.pdf

Elliptic blog: How the Lazarus Group is stepping up crypto hacks and changing its tactics

CoinsPaid hot wallet theft via social engineering (July 22nd 2023) · Sep 15, 2023
On July 22nd 2023, Lazarus gained access to hot wallets belonging to crypto payment platform CoinsPaid via a successful social engineering attack. This access allowed the attackers to create authorized requests to withdraw approximately $37.3 million in crypto assets from the platform's hot wallets.
https://www.elliptic.co/insights/how-the-lazarus-group-is-stepping-up-crypto-hacks-and-changing-its-tactics/

CertiK blog: Lazarus Group's Web3 Rampage

CoinsPaid breach · published 2023-09-13
CertiK has identified transactions connecting the Atomic Wallet, Alphapo, CoinsPaid, Stake.com, and CoinEx breaches, serving as on-chain evidence of Lazarus Group's involvement.
https://www.certik.com/resources/blog/216tegKHtRmx5pOI3UgYCX-lazarus-groups-web3-rampage

FBI press release "FBI Identifies Cryptocurrency Funds Stolen by DPRK" (2023-08-22; via Wayback)

Alphapo, CoinsPaid and Atomic Wallet thefts · June 22, 2023; June 22, 2023; June 2, 2023
The DPRK TraderTraitor-affiliated actors were responsible for several high-profile international cryptocurrency heists to include the $60 million theft of virtual currency from Alphapo on June 22, 2023; the $37 million theft of virtual currency from CoinsPaid on June 22, 2023; and the $100 million theft of virtual currency from Atomic Wallet on June 2, 2023.
https://www.fbi.gov/news/press-releases/fbi-identifies-cryptocurrency-funds-stolen-by-dprk

Hackmageddon cyber attacks timelines (Paolo Passeri)

CoinsPaid · 26/07/2023
Estonian crypto-payments service provider CoinsPaid announces that it experienced a cyber attack that resulted in the theft of $37,200,000 worth of cryptocurrency, blaming the attack on the North Korean hacking group Lazarus. [Date Occurred: 22/07/2023; Date Discovered: 22/07/2023]
https://www.hackmageddon.com/2023/09/05/16-31-july-2023-cyber-attacks-timeline/
https://www.bleepingcomputer.com/news/security/coinspaid-blames-lazarus-hackers-for-theft-of-37-300-000-in-crypto/

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