Cambodian Payments Firm Hit by $150,000 from Hackers’ Wallet

Three cryptocurrency firms lost assets to Lazarus hackers. A Cambodian company, Huione Pay, unknowingly received $150,000 from the stolen funds.

In June and July last year, three cryptocurrency companies lost their cryptocurrency to Lazarus hackers.

Over $150,000 worth of cryptocurrency was received by a Cambodian currency exchange and payments company from a wallet linked to North Korean hackers Lazarus, according to a Monday Reuters story.

Blockchain data was used in the report, which stated that the payments were received by Huione Pay, based in Phnom Penh, between June of last year and February of this year. According to Reuters, in June and July of last year, hackers from Lazarus stole cryptocurrency from three different cryptocurrency companies.

According to the article, Huione Pay said it was unaware it had “received funds indirectly” from the hacks.

The company is not permitted to deal in or trade cryptocurrency, the National Bank of Cambodia said Reuters, adding that it “would not hesitate to impose any corrective measures” against the platform.

The ruling family of Cambodia is connected to the payments company Huione Pay. A group member at Huione Guarantee is also a marketplace allegedly frequented by scammers, including those behind so-called pig-butchering schemes, according to Elliptic, a crypto-tracing service.

CoinDesk contacted Huione Pay for comment, but they did not answer.