Home / Litecoin News /North Korean Lazarus Group Linked To New Cryptocurrency Hacking Scheme

North Korean Lazarus Group Linked To New Cryptocurrency Hacking Scheme

05 Dec 2022

Litecoin rose to a seven-month high to start the week, as cryptocurrency markets continued to react to the latest U.S. nonfarm payrolls figures. The token was up for a second consecutive session, climbing to its highest point since May. Shiba inu was also a notable gainer on Monday.

Litecoin (LTC) raced to a six-month high on Monday, as the token climbed for a second consecutive session.

Following a low of $75.93 on Sunday, LTC/USD raced to an intraday peak of $83.49 earlier today.

This move saw litecoin climb to its strongest point since May 10, when the token was trading at a high of $85.02.

LTC/USD – Daily Chart

Looking at the chart, today’s rally came as the token moved beyond a resistance at the $82.70 mark.

In addition to this, the 14-day relative strength index (RSI) has moved past a ceiling of its own at the 66.00 level.

As of writing, the index is hovering at the 68.43 point, which is its strongest point since November 24.

Shiba inu (SHIB) was another notable gainer on Monday, as the meme coin moved to a three-week high.

SHIB/USD surged to a high of $0.00001005 to start the week, which comes after it fell to a bottom of $0.000009253 on Sunday.

As a result of today’s gains, shiba inu is now trading at its highest point since November 11, and close to a key resistance point.

SHIB/USD – Daily Chart

SHIB bulls failed to take the token beyond this ceiling at $0.00001010, instead choosing to liquidate earlier positions, and take profits.

Due to this, SHIB has slipped from earlier highs, and as of writing is trading at $0.000009866.

This comes as the RSI nears a resistance level of its own at the 56.00 mark. Currently the index is tracking at 55.39.

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Tags in this story
Analysis, litecoin, LTC, shib, shiba inu

Do you expect shiba inu to move beyond $0.00001010 in the coming days? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

Litecoin rose to a seven-month high to start the week, as cryptocurrency markets continued to react to the latest U.S. nonfarm payrolls figures. The token was up for a second consecutive session, climbing to its highest point since May. Shiba inu was also a notable gainer on Monday.

Litecoin (LTC) raced to a six-month high on Monday, as the token climbed for a second consecutive session.

Following a low of $75.93 on Sunday, LTC/USD raced to an intraday peak of $83.49 earlier today.

This move saw litecoin climb to its strongest point since May 10, when the token was trading at a high of $85.02.

LTC/USD – Daily Chart

Looking at the chart, today’s rally came as the token moved beyond a resistance at the $82.70 mark.

In addition to this, the 14-day relative strength index (RSI) has moved past a ceiling of its own at the 66.00 level.

As of writing, the index is hovering at the 68.43 point, which is its strongest point since November 24.

Shiba inu (SHIB) was another notable gainer on Monday, as the meme coin moved to a three-week high.

SHIB/USD surged to a high of $0.00001005 to start the week, which comes after it fell to a bottom of $0.000009253 on Sunday.

As a result of today’s gains, shiba inu is now trading at its highest point since November 11, and close to a key resistance point.

SHIB/USD – Daily Chart

SHIB bulls failed to take the token beyond this ceiling at $0.00001010, instead choosing to liquidate earlier positions, and take profits.

Due to this, SHIB has slipped from earlier highs, and as of writing is trading at $0.000009866.

This comes as the RSI nears a resistance level of its own at the 56.00 mark. Currently the index is tracking at 55.39.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, litecoin, LTC, shib, shiba inu

Do you expect shiba inu to move beyond $0.00001010 in the coming days? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

The Lazarus group, a North Korean hacking organization previously linked to criminal activity, has been connected to a new attack scheme to breach systems and steal cryptocurrency from third parties. The campaign, which uses a modified version of an already existing malware product called Applejeus, uses a crypto site and even documents to gain access to systems.

Volexity, a Washington D.C.-based cybersecurity firm, has linked Lazarus, a North Korean hacking group already sanctioned by the U.S. government, with a threat involving the use of a crypto site to infect systems in order to steal info and cryptocurrency from third parties.

A blog post issued on Dec. 1 revealed that in June, Lazarus registered a domain called “bloxholder.com,” which would be later established as a business offering services of automatic cryptocurrency trading. Using this site as a facade, Lazarus prompted users to download an application that served as a payload to deliver the Applejeus malware, directed to steal private keys and other data from the users’ systems.

The same strategy has been used by Lazarus before. However, this new scheme uses a technique that allows the application to “confuse and slow down” malware detection tasks.

Volexity also found that the technique to deliver this malware to final users changed in October. The method morphed to use Office documents, specifically a spreadsheet containing macros, a sort of program embedded in the documents designed to install the Applejeus malware in the computer.

The document, identified with the name “OKX Binance & Huobi VIP fee comparision.xls,” displays the benefits that each one of the VIP programs of these exchanges supposedly offers at their different levels. To mitigate this kind of attack, it is recommended to block the execution of macros in documents, and also scrutinize and monitor the creation of new tasks in the OS to be aware of new unidentified tasks running in the background. However, Veloxity did not inform on the level of reach that this campaign has attained.

Lazarus was formally indicted by the U.S. Department of Justice (DOJ) in Feb. 2021, involving an operative of the group linked to a North Korean intelligence organization, the Reconnaissance General Bureau (RGB). Before that, in March 2020, the DOJ indicted two Chinese nationals for aiding in the laundering of more than $100 million in cryptocurrency linked to Lazarus’ exploits.

What do you think about Lazarus’ latest cryptocurrency malware campaign? Tell us in the comments section below.

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

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