DeFiance Capital

lazarus.day

DeFiance Capital founder Arthur Cheong was targeted in a spear-phishing and social-engineering attack that led to theft of cryptocurrency and NFTs from a sophisticated DeFi user. Linked reporting places the incident in the broader DPRK cryptocurrency-threat context and tags it alongside BlueNoroff-related activity, but the available evidence does not directly substantiate a firm actor attribution for this specific theft.

tayvano/lazarus-bluenoroff-research

Amt Stolen: $1,700,000

UN Panel of Experts S/2024/215

Annex 95: Suspected DPRK cyberattacks on cryptocurrency-related companies (2017-2023) investigated by the Panel. Table 2022: Victim: DeFiance Capital (NFT heist); Date: 22 March; Amount (USD equivalent): 1.7m; Location: Singapore

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

Reported: 2022-03; Victims: DeFiance Capital; Motivations: FinancialGain; Sectors: Cryptocurrency; Countries: Singapore

Annex 95: Suspected DPRK cyberattacks on cryptocurrency-related companies (2017-2023) investigated by the Panel ... DeFiance Capital (NFT heist) 22 March 1.7m Singapore

we believe Bluenoroff are running an organized campaign to target all the prominent organizations in the crypto space

Victim Date Amount (USD equivalent) Location ... DeFiance Capital (NFT heist) 22 March 1.7m Singapore

Arthur Cheong lost ~$1.7M

losing roughly $1.8 million worth of crypto and non-fungible tokens (NFTs)