News
Bloomberg reports that North Korea's crypto hacks and cyber attacks could be put up for discussion at next month's G7 summit in Alberta, Canada.
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North Korea News
North Korea, officially the Democratic People’s Republic of Korea, is an East Asian country on the Korean Peninsula. North Korea’s population is over 25 million people, 1.21 million of which are active-duty soldiers. North Korea is under the rule of its leader Kim Jong-un, who is considered to have the most human rights violations in the contemporary world. North Korean laws made its economy heavily nationalized, which even led to a refusal of a taxation system. North Korean Bitcoin policies are yet to be officially established as their nationalized economy, closed borders, anti-human mobility laws and censorship of the internet all make it extremely hard for North Koreans to have some use for Bitcoin. Cryptocurrencies, as a money without central authority and high anonymity, violate North Korean laws that were not established specially for blockchain-based technologies, but previous laws crafted for other purposes.
- Investigation
A North Korean crypto spy revealed more than he should have in a dummy interview set up as part of a sting operation.
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The US Treasury has proposed cutting the Huione Group's access to the US banking system, accusing it of being involved in laundering crypto.
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Kraken says a North Korean actor applied for a tech job at the crypto exchange but foiled their plan after a tip-off from industry partners.
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Crypto hackers have already surpassed the $1.49 billion stolen during 2024, according to Immunefi’s latest research.
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Silent Push senior threat analyst Zach Edwards says the FBI has since shut down at least one of the companies.
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Hacken's service project manager warned crypto developers to be wary of unsolicited gigs that are too good to be true.
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Most WazirX creditors voted to approve the crypto exchange’s post-hack restructuring plan, paving the way for repayment through a mix of liquid assets and recovery tokens.
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Google threat intelligence says North Korea’s fake workers have also increased extortion attempts as they’re under pressure to maintain money streams amid a US crackdown.
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Ethereum co-founder Vitalik Buterin was one of the first to deposit on the platform, sending one Ether.
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Cyberattacks originating from the country range from social engineering attempts to assaults on exchanges and can take a year to play out.
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North Korea’s pause in cyberattacks during late 2024 may have been a resource reallocation ahead of the largest cryptocurrency hack in history.
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Bybit has already paid out $2.2 million for “bounty hunters” who can provide valuable information on the Lazarus Group’s transaction patterns related to the stolen funds.
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Crypto entrepreneurs David Zhang and Giulio Xiloyannis say they were both targeted by hackers.
16352 - Analysis
Can DeFi protocols remain neutral when faced with massive criminal exploitation, or must they evolve to avoid regulatory crackdowns?
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