North Korean crypto hackers “targeted South Korean ministers” in a campaign last year, Seoul-based police officials have claimed. According to Dong-a Ilbo, police officials took control of a server they claimed was used during the attempted attacks. And officers said they had “found two cryptocurrency wallet addresses” on the server. They claimed that transactions worth…
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Not enough is being done to stop North Korea hacking crypto, Japanese government leaders have hinted at the latest G7 central bank governors and finance ministers’ summit. Per Nikkei, an unnamed “high-ranking official” from the Japanese Ministry of Finance explained that North Korea is currently “able to continue its missile and other activities” in spite…
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An Elliptic report commissioned by Nikkei says Asian countries account for over 60% of losses to North Korean hackers and ransomware users; lax security played a role. Japan is the biggest loser of cryptocurrency to North Korean hackers, according to a study by blockchain analytics firm Elliptic. Asian countries make up three of the four…
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The export privilege ban comes from Griffith’s conviction and further impacts his involvement in international trade and transactions. The United States Department of Commerce has imposed a 10-year export privilege ban on Virgil Griffith, an Ethereum developer serving a five-year prison sentence. The ban restricts him from enjoying export privileges until April 12, 2032. The…
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Democratic Sen. Elizabeth Warren has plans to reintroduce a cryptocurrency bill to crack down on money laundering and terrorist financing. The long-standing crypto critic said she planned to reintroduce that legislation during a Senate Armed Services Committee hearing on Thursday…. Read More: Sen. Warren Plans To Reintroduce Crypto Bill To Crack Down on National Security…
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The US Department of Foreign Asset Control (OFAC) has sanctioned three individuals that allegedly supported North Korea through illicit financing and malicious cyber activity. In a Monday press release, the US Treasury claimed that the three individuals provided material support to the Lazarus Group, a North Korean hacking team known for crypto thefts, to convert stolen…
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U.S. law enforcement has identified three individuals who handled stolen crypto and fiat for the benefit of North Korea. The United States Treasury Department has identified over-the-counter (OTC) cryptocurrency traders who assisted North Korea’s Lazarus Group in converting stolen crypto into fiat currency. Crypto traders in China and Hong Kong have been sanctioned by the…
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The US Treasury has revealed that North Korean hackers and scammers exploit loopholes in the decentralized finance (DeFi) space to launder money and hide criminal activity. In a Thursday report, the federal agency claimed that North Korean hackers and other groups engaged in illicit activity have benefited from the non-compliance of some DeFi platforms with certain…
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Crowdstrike and Kaspersky found an infection in a communications app that delivered a backdoor but said it had been deployed only a few times. A supply chain attack installed a backdoor in computers around the world but has only been deployed in fewer than 10 computers, cybersecurity company Kaspersky has reported. The deployments showed a…
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Russian cybersecurity firm Kaspersky has warned of a new form of attack on cryptocurrency firms, which it says is carried out with “surgical precision” by hackers using corrupted software. Kaspersky’s research identified several crypto-focused companies as victims of the 3CX software supply-chain attack in the past week, and while it did not name the targeted…
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