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North Korean-linked hackers targets game company, carry out $620m Crypto heist

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North Korean-tied hackers were responsible for a $620-million cryptocurrency heist last month targeting players of the popular Axie Infinity game, US authorities said Thursday.

The hack was one of the biggest to hit the crypto world, raising huge questions about security in an industry that only recently burst into the mainstream thanks to celebrity promotions and promises of untold wealth.

Last month’s theft from the makers of Axie Infinity, a game where players can earn crypto through gameplay or trading their avatars, came just weeks after thieves made off with around $320 million in a similar attack.

“Through our investigations we were able to confirm Lazarus Group and APT38, cyber actors associated with (North Korea), are responsible for the theft,” the FBI said in a statement.

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Lazarus Group gained notoriety in 2014 when it was accused of hacking into Sony Pictures Entertainment as revenge for “The Interview,” a satirical film that mocked North Korean leader Kim Jong Un.

North Korea’s cyber-program dates back to at least the mid-1990s but has since grown to a 6,000-strong cyber-warfare unit, known as Bureau 121, that operates from several countries including Belarus, China, India, Malaysia, and Russia, according to a 2020 US military report.

A threat analyst with digital security firm Netenrich, John Bambenek, said North Korea is “unique” in employing groups dedicated to cryptocurrency theft.

“As North Korea is highly-sanctioned, cryptocurrency thefts are also a national security interest for them,” he said.

North Korean hackers stole around $400 million worth of cryptocurrency through cyberattacks on digital currency outlets last year, blockchain data platform Chainalysis said in January.

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In the case of the Axie Infinity heist, attackers exploited weaknesses in the set-up put in place by the Vietnam-based firm behind the game, Sky Mavis.

The company had to solve a problem: the Ethereum blockchain, where transactions in the ether cryptocurrency are logged, is relatively slow and expensive to use.

To allow Axie Infinity players to buy and sell at speed, the firm created an in-game currency and a sidechain with a bridge to the main Ethereum blockchain.

The result was faster and cheaper — but ultimately less secure.

The attack targeting its blockchain netted 173,600 ether and $25.5 million worth of stable coin, a digital asset pegged to the US dollar.

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Crime

NDLEA destroys 304,436kg, 40,042 litres of seized drugs in Lagos

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The National Drug Law Enforcement Agency, on Tuesday, destroyed 304,436 kg and 40,042 litres of illicit substances seized from parts of Lagos and Ogun states.

The Director, Media and Advocacy, NDLEA, Femi Babafemi, in a statement made available to journalists, said the seized drugs were publicly destroyed in Badagry, Lagos.

Babafemi quoted the agency’s Chairman, Brig.- Gen. Buba Marwa (retd.), as saying that the open destruction of the seized illicit drugs followed court orders.

He was also said to have called for more public support for ongoing efforts by the NDLEA and other stakeholders to curb the menace of substance abuse and illicit drug trafficking in Nigeria.

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“Though a routine exercise and an established process of removing dangerous substances from our society, the public destruction of confiscated illicit drugs is usually conducted at the end of their related cases in court”, the NDLEA boss stated, adding that the exhibits being destroyed were of mixed types, “which include illicit drugs in solid and liquid states as well as in various classes such as cocaine, heroin, cannabis, and tramadol, among others.”

He said the drugs were seized by the agency’s operatives across different formations in Lagos and Ogun states from January 2022 till date, especially at the Lagos seaports, airports, and land borders.

“To be destroyed here today on the order of the court are solid drugs, weighing 304,436.055kg and 40, 042. 621 litres of liquid drugs. The sheer volume of the drug haul speaks volumes about the extent of the nefarious activities of the drug underworld,” Marwa said.

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He thanked traditional rulers, heads of security agencies, the clergy, members of NGOs and CSOs, as well as other stakeholders who witnessed the ceremony.

“The destruction of these seizures complies with the NDLEA Act, which mandates the Agency to destroy all drug exhibits after prosecution. We want to say that your presence here is a testament to this important occasion. To this end, we appreciate all stakeholders and members of the public for witnessing this exercise”, he added.

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Marwa commended the Agency’s local and international partners, “especially the American Drug Enforcement Administration (US-DEA); United Kingdom NCA, Border Force; the Germans, the French; and Indian NCB, among others who had worked with us on a number of busts. Similarly, we appreciate the Nigerian military and other law enforcement agencies such as the Customs; Immigration; Police; Civil Defence; FRSC; NFIU, NAFDAC and others that have been supporting our efforts to rid Nigeria of illicit drugs.”

While assuring all that the NDLEA will not relent in its effort to end the drug scourge in the country, Marwa called for more public support for the activities of the agency.

“The safety of our society is the responsibility of every one of us. Every citizen shall be fulfilling his or her civic duty by assisting the agency’s War Against Drug Abuse (WADA) campaign to clean up our communities and cities. Together, we can make this country secure”, he added.

Similarly, the Lagos State Governor, Mr. Babajide Sanwo-Olu, expressed satisfaction with the efforts of the NDLEA to tackle the scourge of illicit drugs in the country.

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“Almost all crimes and criminalities are fueled by illicit drugs, so the Lagos State government appreciates the NDLEA and its leadership in their resolute fight against illicit drugs. The volume of illicit drugs being destroyed here today speaks volumes, and every right-thinking person should be worried,” he stated.

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Sanwo-Olu, represented by the Chairman, Badagry West Local Government, Mr Olusegun Onilude, also thanked the agency for taking the War Against Drug Abuse social advocacy campaign to schools and communities across Lagos State.

“No doubt, the NDLEA is working, and the state will continue to collaborate with the agency and its leadership,” he added.

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Crime

Son kills 70-year-old mother in Akwa Ibom

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There is confusion in Etim Ekpo Local Government Area of Akwa Ibom State following the murder of a 70-year-old woman, Mma-Offiong James Peter, by her son, Inyangake James Peter.

The suspect, who was arrested by the police on April 4, 2024, at about 9:00 am, said he acted based on a voice which kept prompting him to kill her.

This was contained in a statement by the Police Public Relations Officer of the Akwa Ibom State Command, Odiko Macdon, on Monday.

The statement read, “The Akwa Ibom State Police Command has arrested one Inyangake James Peter, 40 years old for gruesomely murdering his biological mother, one Mma-Offiong James Peter, about 70 years old on 4/4/2024 at about 9:00 am at Ikpe Annang Village in Etim Ekpo LGA.

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“The Suspect who confessed to the crime has been transferred to the state CID for discrete investigation.

“The suspect on interrogation alleged that he had a voice saying ‘kill her’, ‘kill her’, and he decided to oblige.”

In a related development, the statement added that the police have also arrested one Solomon Asuquo Isaac, who murdered his son as a result of a family misunderstanding.

It further read, “Also one Solomon Asuquo Isaac of Ikot Obok Nsit in Nsit Ibom LGA who murdered his son, one Iboro Isaac, 18-years-old, last year as a result of a family misunderstanding, has been arrested

“Cases of some family members killing their biological relations have been of great concern to the Command in recent times.

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The statement added that the command also arrested another suspect for possession of arms and ammunition.

“On 9/4/2024, Anti-Robbery Squad of the Command on stop and search intercepted and arrested one Ekemini Edet Akpan of Ekpene Ikpan Village, Nsit Ibom LGA along Calabar Itu Highway by Raycon Construction Company, for having one locally made gun, one revolver pistol and eighteen live cartridges.

“Suspects will be charged to court after investigation”, the statement concluded.

In April 2020, Theheute reported that a 37-year-old man in Anambra State, Chigorom Ezeofor, allegedly hacked his father to death.

Theheute gathered that the incident occurred in Umuchiana village in the Aguata Local Government Area of the state.

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A family source told our correspondent that the suspect had been exhibiting some unusual behaviour before the incident occurred.

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Crime

Invasion of Oyo gov’s office act of terrorism, says commissioner

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The Oyo State Government, on Monday, described Saturday’s invasion of the State Secretariat in Ibadan, the state capital, by self-acclaimed Yoruba Nation agitators as an act of terrorism.

The state Commissioner for Information, Dotun Oyelade, who spoke with journalists in Ibadan on Monday, condemned the act, adding that there are better ways of agitation other than craving for bloodshed.

Theheute reports that some masked people in military camouflage suspected to be Yoruba Nation agitators invaded the Secretariat, Agodi in Ibadan, Saturday morning.

Eyewitnesses told our correspondent that the masked men were stationed at different locations within the area.

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The situation, according to the investigation, sent panic to residents and road users along the routes.

Businesses and residents around Bodija, Ikolaba, and Awolowo were said to have quickly locked their shops and doors and those who were about to open for the day’s business turned back.

The Commissioner also said sponsors of the invasion have landed themselves in trouble.

He said, “Sponsors of the invasion of the Governor and State House of Assembly’s office have succeeded in landing themselves in serious trouble.

“Attempting to barge into the hallowed chambers of the legislature and take it over with an arsenal of seven pump action submachine guns and over 700 live cartridges, is an act of terrorism.

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“‘The conduct of Prof Banji Akintoye, a well-known Yoruba nation agitator represents the quintessential wisdom and civilisation of the Yoruba race.

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“Oyo state remains the most peaceful state in Nigeria and Saturday’s incident will not take away that popular belief.”

Normalcy has since returned to Ibadan, the state capital and residents are going about their normal duties.

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