News
In 2022, North Korean hackers swiped crypto worth ten times more than the country earned from exports in 2021, according to US cybersecurity firm Recorded Future.
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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.
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The government department has previously imposed sanctions on crypto mixers Blender and Tornado Cash despite many in the space pushing back on actions against software tools.
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The Estonia-based firm noted that only one plaintiff in the class action lawsuit is actually based in Colorado, where the suit was filed.
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The social engineering attacks trick community members into downloading a malicious ZIP archive named “Cross-platform Bridges.zip” — imitating an arbitrage bot designed for automated profit generation.
9348 - Research
Over $900 million was hacked in crypto in 2023. How can blockchain analysis help in finding and retrieving stolen assets?
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Blockchain analytics firm Match Systems has contacted an individual who is believed to be selling tokens linked to the recent CoinEx and Stake hacks at discounted prices.
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The malware payload “LightlessCan” — used in fake job scams — is far more challenging to detect than its predecessor, warns cybersecurity researchers at ESET.
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The North Korean hacking collective has at least $47 million in cryptocurrency, including Bitcoin, Ether, BNB and various stablecoins, including Binance USD.
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The sanction of cryptocurrency mixer Tornado Cash in August caused the first major shift, which is accelerating even faster than projected.
3813 - Follow up
CoinEx confirms that compromised private keys gave hackers access to hot wallets, leading to a $70 million hack.
6623 - Markets News
The Lazarus Group has mastered the art of stealing crypto investors’ assets. Here are a few tips on how investors can protect their portfolios.
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Crypto bad actors from the Democratic People’s Republic of Korea have stolen $340.4 million in 2023, down from $1.7 billion from the prior year, but that’s no reason to feel at ease.
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A total of $4.8 million in funds have now been moved by the hacker to Bitcoin and now Avalanche.
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The cybersecurity bill’s latest version reportedly contains ways to “track and neutralize” crypto and digital assets stolen by North Korea, according to a local media report.
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Plaintiffs in a new class-action suit against the hacked crypto wallet Atomic Wallet say the firm didn’t share any information about the hack with clients and didn’t report it to the police.
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