North Korea

Revealed: How North Korea Laundered $100 Million of Stolen Crypto

Blockchain forensics firm CipherTrace has published a detailed analysis of how two Chinese nationals. associated with North Korea. laundered tens of millions of dollars worth of stolen cryptocurrency. The pair are believed to be associated with the shadowy Lazarus Group, which was behind the Sony breach in 2014, the WannaCry ransomware epidemic in 2017, and …

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Bitcoin.com Local Gathers Steam as Other P2P Markets Falter

</header> <strong>The bitcoin marketplace Localbitcoins was once the most popular peer-to-peer (P2P) trading platform. But during the last few years, the company’s trading requirements and KYC implementation have caused an influx of traders to migrate to different P2P crypto markets. The mass departure has caused business on Localbitcoins to drop like a rock and volumes …

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US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen Cryptocurrency

</header> <strong>The U.S. government has charged two Chinese nationals involved in laundering stolen cryptocurrency worth $100 million from an exchange allegedly for the benefit of North Korea. They are linked to the U.S.-designated North Korean state-sponsored Lazarus Group. A total of 113 cryptocurrency accounts and addresses used to launder funds have been identified.</strong> Also read: …

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US Government Sanctions Two Chinese Nationals in Connection With Lazarus Group Hack

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018 crypto exchange hack. At the same time, the Department of Justice announced an indictment for money laundering against the same two individuals. Their activity is linked to Lazarus Group, …

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US government goes all in to expose new malware used by North Korean hackers

Enlarge Jung Yeon-Je/Getty Images The US Pentagon, the FBI, and the Department of Homeland Security on Friday exposed a North Korean hacking operation and provided technical details for seven pieces of malware used in the campaign. The US Cyber National Mission Force, an arm of the Pentagon’s US Cyber Command, said on Twitter that the …

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New Report Finds North Korean Mining of XMR Increased Tenfold in 2019, Online Activity 300%

</header> <strong>A report published by cybersecurity organization Insikt Group claims internet use in North Korea has grown significantly in the past three years. The group cites a “300% increase in the volume of activity to and from North Korean networks since 2017,” and part of this activity involves monero (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/XMR” target=”_blank” rel=”noopener noreferrer”>XMR</a>) …

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North Korea Is Expanding Its Monero Mining Operations, Says Report

North Korea is stepping up mining of the privacy coin monero as the regime continues its efforts to circumvent sanctions. U.S. cybersecurity firm Recorded Future said in a report Sunday that network traffic for monero (XMR) mining, that had originated from North Korean IP ranges, had increased by “at least tenfold” since May 2019, making …

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USA vs. Virgil Griffith: What We Know (and Don’t) in the Bombshell Crypto Sanctions Case

Prosecutors appear to have a strong case against Virgil Griffith, the ethereum developer charged with conspiring to aid North Korea, legal experts say. For one thing, the mere act of giving a presentation in Pyongyang might have violated the U.S. Treasury Department Office of Foreign Assets Control’s (OFAC) sanctions, depending on what he said there, …

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BTC Could Hit $10K, ‘Stay Away from North Korea,’ Akon City: Hodler’s Digest, Jan. 13–19

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin ready to push above key resistance to hit $10,000 …

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Uncovering the Motives Behind North Korea’s Crypto Conference

On Jan. 15, the United Nations warned that attending North Korea’s cryptocurrency conference in February will likely constitute a sanctions violation. According to Reuters, this notice was issued in a confidential report that will be submitted to the U.N. Security Council later this month. The warning comes after a series of events sparked suspicion around …

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