DWF Labs Allegedly Lost $44 Million in Hack Tied to North Korea’s AppleJeus

Market maker DWF Labs is alleged to have lost over $44 million in a September 2022 cyberattack attributed to the North Korea-linked hacking group AppleJeus. The evidence, surfaced by an on-chain investigator, links a compromised wallet (0x3d67fdE4B4F5077f79D3bb8Aaa903BF5e7642751) to DWF Labs through prior transactions, including an OTC token sale with Yield Guild Games and a partnership announcement with MagnifyCash.

The hackers allegedly compromised both private keys and exchange credentials, draining USDC and USDT stablecoins over several hours without apparent intervention. The stolen assets were moved via the Ren Protocol bridge to Bitcoin (BTC), a laundering route favored by AppleJeus, and later mixed using Mixero, combining with funds from other breaches like Deribit and Tower Capital.

Despite the on-chain evidence suggesting over $30 million in BTC remains unspent from this incident, DWF Labs has not issued a public statement. This event underscores the ongoing vulnerability of the crypto industry to sophisticated, state-sponsored attacks, such as those frequently perpetrated by North Korean groups like Lazarus.

(Source：BeInCrypto)