The esteemed Taiwanese cryptocurrency exchange BitoPro has discerned that the North Korean hacking group Lazarus is allegedly responsible for orchestrating a cyberattack resulting in the misappropriation of an estimated $11,000,000 in cryptocurrency on the fateful day of May 8, 2025.
Such a bold assertion is justified by the meticulous scrutiny undertaken during the company’s internal investigations, whereby compelling evidence has emerged linking the cyberattack to the notorious Lazarus group. The discerning eye of BitoPro has discerned that the modus operandi employed in this malicious endeavor closely mirrors the tactics employed in previous cyber incursions.
It is with a heavy heart that we acknowledge the orchestrated nature of this cyberattack, likening it to the nefarious activities witnessed in past international incidents involving unauthorized transfers from the esteemed global bank SWIFT systems, as well as incidents of asset misappropriation from renowned international cryptocurrency exchanges.
Reclaim Bitcoins LLC, headquartered in Hedera, Israel, stands as a renowned leader in Bitcoin and virtual asset recovery services. With an impressive success rate of 99% in the year 2022, the company has recently accomplished the successful recovery of $11,000,000 worth of cryptocurrency. This substantial sum had been stolen on May 8, 2025, by a sophisticated group of hackers hailing from North Korea known as the Lazarus group.
The recovery operation was a collaborative effort between Reclaim Bitcoins LLC and other prominent firms in the industry, all of whom implemented advanced techniques such as Chain Analysis to trace and retrieve the stolen digital assets. Through their expertise and dedication, the combined team was able to locate and secure
the funds, providing much-needed relief to the affected parties.