The U.S. Treasury Department, in coordination with the UAE, has imposed sanctions on two Chinese nationals and a UAE-based company for their involvement in laundering millions in cryptocurrency for North Korea. This action underscores the U.S. commitment to countering financial networks that support North Korea’s illicit activities. The Treasury’s Office
South Korean police have officially confirmed that the 342,000 Ethereum (ETH) stolen from Upbit, the country’s largest cryptocurrency exchange, in 2019 was done by North Korean hacker groups Lazarus and Andariel. This is the first time a domestic agency has publicly linked North Korea to a major cryptocurrency theft. Initially,
The United States government initiated the seizure of nearly $2.67 million worth of digital assets taken by the North Korean Lazarus Group of hackers on October 4th via the filing of two formal complaints. Legal documents indicate that the United States government is attempting to recoup around $1.7 million in
FBI has warned the digital asset firms to be aware of a North Korean Crypto hacker group. DPRK has employed fake employment offers and investment opportunities to trick crypto users into downloading malware. They have made the latest attempt to steal companies’ cryptocurrencies. On 3rd September, The Federal Bureau of
Crypto platforms’ vulnerability to scams has been the emphasis over the past few months, with the sector reporting several major incidents since H1 2024. The global crypto sector has taken measures to enhance security in the recent past amid rising scams. Notably, in the last 24 hours, on-chain analyst ZachXBT
Bitcoin layer-2 developer Alex Lab, which was affected by a $4 million hack in May, has revealed suspicions that the notorious North Korean hacking group Lazarus may be behind the exploit. Today, Alex Lab identified three wallet addresses used by the attackers to siphon funds from their decentralized finance (DeFi)
In a scenario akin to a James Bond movie, North Korean hackers have outsmarted the globe. Within five years, they have stolen $3 billion in cryptocurrencies. Notably, this digital bonanza funds half of North Korea’s missile program, reports the Wall Street Journal. Their tactics, however, are far from common cyber-thievery.
Binance, the world’s largest crypto exchange, has responded to the U.S. Treasury seizing $4.4 million and freezing accounts linked to North Korean crime. We are proud to have assisted US law enforcement in seizing $4.4M and freezing accounts linked to North Korean organized crime. Kudos to our law enforcement partners
On Tuesday, a White House representative in Washington said that the cyberattacks and money theft over cryptos have been funding the North Korean Missle program. Undoubtedly, over 50% of the program is been funded so far. Meanwhile, the White House is the place where the US President and their belongings
According to the report by the United Nations (UN), North Korea has allegedly stolen $1 billion worth of cryptocurrency assets in a year. The report, states that North Korea using cyberattacks to target cryptocurrency exchanges and financial institutions to obtain digital assets. The report states that these attacks are part
