North Korea – Page 5

New Report Exposes How North Korean Hackers Use Cloud Computing to Launder Crypto Loot – Should You Be Worried?

March 29, 2023

North Korean hackers are renting cloud-based mining services to launder their stolen crypto funds amid the recent clampdown on crypto mixing services. According to a report by Google-owned cybersecurity firm Mandiant, Pyongyang-based hacking group APT43, also known as Kimuski, buys cloud mining services with its stolen funds to produce clean crypto with no blockchain-based connections for law…
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Controversial ‘Tiktok Ban Bill’ Sparks Concerns Among Cryptocurrency and Technology Advocates

March 29, 2023

Cryptocurrency and technology proponents have recently been discussing a new bipartisan bill called the “Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT)” Act. In addition to targeting firms such as Kaspersky, Huawei, and Tiktok, opponents of the bill believe one of its provisions will punish ordinary Americans for leveraging a…
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North Korean hackers using stolen crypto to mine more crypto via cloud services: Report

March 28, 2023

Cybersecurity firm Mandiant has “graduated” a new group of hackers who finance state goals and their own existence with the help of crypto laundering. The North Korean cybercrime operator APT43 is using cloud computing to launder cryptocurrency, a report from cybersecurity service Mandiant has found. According to the researchers, the North Korean group uses “stolen…
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Euler Finance hacker sends 100 ETH to red-flagged North Korean address

March 19, 2023

While Chainalysis suspected the involvement of North Korea in the Euler Finance hack, it highlighted the possibility of misdirection by other hackers. Ever since Euler Finance fell victim to the biggest decentralized finance (DeFi) hack of 2023, the crypto community closely followed the $197 million loot on-chain — hoping to track down the attacker. Out…
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Wallet Addresses Linked to $200 Million Euler Exploit and Axie Infinity Hack Mysteriously Interact – Are North Korean Hackers Involved?

March 17, 2023

Wallet addresses linked to the recent exploit of Euler Finance and last year’s breach of Axie Infinity’s Ronin Network have shown interactions, fueling suspicions that North Korean cybercriminals could potentially be involved in the latest assault on Euler…. Read More: Wallet Addresses Linked to $200 Million Euler Exploit and Axie Infinity Hack Mysteriously Interact –…
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Seoul: Sanctions May Be Ineffective Against North Korea’s Crypto Hacks

March 15, 2023

North Korea’s crypto hacking campaign may be impervious to international sanctions, a South Korean government official has claimed. According to the media outlet Yonhap TV News, an unnamed Seoul-based government official stated: “The scale of North Korea’s cybercrime-related activities suggests that the international community’s sanctions against North Korea are being rendered powerless.”… Read More: Seoul:…
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Moscow Authorities Detain British National Accused of Aiding North Korea in Crypto Sanction Evasion

February 24, 2023

A British citizen who is wanted by the FBI for allegedly assisting the North Korean government to evade U.S. sanctions via crypto is in the custody of Russian authorities. Christopher Emms, a 31-year-old who has a red notice from Interpol for consulting North Korea on cryptocurrencies, has been arrested in Moscow, according to a report by local…
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Briton Wanted by US for Advising North Korea on Crypto Arrested in Russia

February 23, 2023

A British national wanted with a red notice from Interpol for consulting North Korea on cryptocurrencies has been detained in Moscow. U.S. authorities allege that the man helped the regime in Pyongyang to bypass sanctions using digital assets. U.K. Citizen Sought by U.S. for Violating North Korea Sanctions Apprehended in a Moscow Hostel The Russian…
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Brit who consulted North Korea on crypto reportedly detained in Moscow

February 21, 2023

Earlier, Christopher Emms was released by Saudi authorities due to the lack of evidence against him. The local bureau of Interpol detained a British national charged by the United States Department of Justice (DoJ) in Moscow. He’s being alleged of conspiring to violate U.S. sanctions on North Korea. As reported by the local media on…
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Binance, Huobi Freeze $1.4m Worth of Crypto in ‘North Korea-linked’ Wallets

February 17, 2023

The crypto exchanges Binance and Huobi have frozen “North Korea-linked” wallets containing “approximately $1.4 million in cryptoassets.” Per a blog post from the blockchain analytics firm Elliptic and a report from MBC, the coins “originated from the June 2022 hack of Harmony’s Horizon Bridge.” Elliptic said its “investigators” traced the coins through the Tornado Cash…
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Tag: North Korea