South Korea and the U.S. have joined forces to develop technologies to prevent cryptocurrency theft, especially targeting North Korean hackers responsible for large-scale heists. The partnership includes research, tracking stolen assets, and tightening sanctions against networks aiding cybercrimes.
WeatherlyNorth Korea-linked hackers stole over $600 million in crypto last year, raising concerns among U.S. national security officials. Despite a 30% decrease from the previous year, the funds continue to fuel weapons of mass destruction. The use of social engineering tactics remains prevalent, emphasizing the need for strengthened cybersecurity measures. The Ronin theft in 2022 shifted the national security conversation, prompting a whole-of-government approach to address the ongoing threat. The crypto community faces a persistent and evolving challenge with global implications.
Bernicehe Lazarus Group, associated with North Korea, caused over $300 million in losses through crypto hacking incidents in 2023.
ZoeySpanish founder, Cao de Benos, faces extradition for his alleged involvement in a crypto scheme aiding North Korea.
Hui XinThe move comes in response to growing concerns about North Korea's alleged use of digital currencies for illicit purposes, including funding its military operations.
BrianChristopher Emms has been on the FBI's international wanted list for a number of years for his role in illegally providing cryptocurrency and blockchain services to North Korea.
CryptoSlateNorth Korea seems to be using hacked funds to finance their new nuclear adventures.
OthersPer a Bloomberg report, North Korean-backed hackers might be stepping up their efforts and attack vectors against the crypto industry. ...
BitcoinistIndeed, the crypto-space has become the favorite place for cybercriminals worldwide for some years, but some countries are more prolific ...
BitcoinistA Canadian journalist recounts the story of when he went to North Korea to participate in a crypto conference that was full of surprises.
Cointelegraph