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’.
The South Korean government announced that it imposes sanctions on 15 North Korean individuals and one entity involved with illegal activities today. A North Korean cyber unit called 313 Bureau is also sanctioned for involvement in crypto theft. Announcements like these, amidst increasing cybercrimes and crypto hacks, put a break
On December 23, the FBI, Japan’s National Police Agency, and the U.S. Department of Defense Cyber Crime Center confirmed that a $308 million cryptocurrency theft from Japan-based crypto exchange DMM Bitcoin has been linked to “TraderTraitor,” a hacking group tied to North Korea’s infamous Lazarus Group. FBI and Japanese Police
The crypto market is attempting to break free of bearish reigns in vain. Bitcoin has yet to break out of its descending note and has slid to the $93K level in the past day. However, other altcoins have shown modest price increases in the past day. Meanwhile, the crypto market
The crypto community has hit a snag as prices have fallen to monthly lows in the past week. Bitcoin has receded to its $90K zone after reaching new all-time highs, again, in the same week. Meanwhile, leading altcoins such as Ethereum and Solana have also begun to drop. On the
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
