The United States Treasury Department has sanctioned individuals and organizations that are associated with North Korean IT worker activities. These sanctions are against an advanced network that infiltrates American crypto firms with fraudulent employees to make money. This move by the Treasury is the most recent attempt to fight the
The Department of Justice of the United States has initiated the seizure of $7.74 million in crypto, reportedly earned by North Korean IT workers by using fake identities and working at blockchain companies as remote contractors. In April 2023, the funds were frozen in an indictment against Sim Hyon Sop.
North Korea’s cyber attacks on the crypto domain are expected to be on the agenda at the upcoming G7 summit in Canada next month.. This is an indication that the world is increasingly becoming worried about North Korea’s cyber activities. However, the issues in Ukraine and Gaza will remain the
The US Treasury Department wants to ban the Cambodia-based Huione Group from having access to the American banking system. The Department also claimed that the Group helped a hacker group from North Korea in laundering cryptocurrency. On May 1, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) made a proposal
A North Korean hacker applied for an engineering role at the crypto exchange Kraken. On May 1, Kraken posted, mentioning that it had identified a North Korean hacker applying for a job role in the company. However, the exchange did not contact the authorities or send the candidate away, instead,
U.S. cybersecurity firm, Silent Push, reported that North Korean hackers used legitimate US business entities to deploy malware against cryptocurrency developers. These hackers developed an advanced scheme that used false job advertisements to trick developers into falling victim to their cyber attacks. Three front organizations participated in the operation. Blocknovas
As per the latest Google Threat Intelligence Group (GTIG) report, North Korean IT workers are spreading threats across the globe beyond the US. The last time it published a report on North Korean hackers was in September 2024, and the scope and scale of these people have expanded beyond the
The Democratic People’s Republic of Korea (DPRK) has become popular for crypto hacks. Chainalysis report also highlighted that most of the hacks have DPRK behind them. The recent Bybit hack is also linked to DPRK’s Lazarus group. It is now making headlines, holding more Bitcoins than El Salvador and Bhutan.
THORChain is facing internal conflicts after a developer resigned over its handling of illicit funds. The controversy erupted when validators failed to block transactions linked to the North Korean Lazarus Group. A core THORChain developer, known as “Pluto,” announced their resignation on February 27. They stated they would no longer
Although the cryptocurrency market is establishing camp at the bearish end of the zone, it remains active. The past day’s highlight was the Solana ETF being listed on DTCC. Another notable factor was Bitcoin’s fall to $84K, which the community members are seeing as an opportunity to ‘buy the dip’.
