News
A new report suggests that a notorious North Korea-affiliated hacking group may be behind last week’s $100 million Harmony attack.
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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.
- News
While North Korea leads the world in crypto crime, crypto analytic firms have estimated that DPRK hackers have found it increasingly difficult to launder stolen crypto funds.
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The public advisory warned private firms to do their due diligence before hiring freelance workers, as North Koreans often use illicit tactics and stolen identities to hide their nationality.
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The crypto mixer is said to have processed $20.5 million out of the $620 million taken by North Korean Lazarus Group hackers.
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Joe Rogan noted that Bitcoin is like the “early internet,” and the “government is freaking out” about BTC in conversation with the MMA fighter Khalil Rountree.
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A Canadian journalist recounts the story of when he went to North Korea to participate in a crypto conference that was full of surprises.
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Two EU citizens have been indicted for violating U.S. sanctions on North Korea when they jointly planned a crypto conference there.
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The government department hinted that the addresses were added to the list in an effort to stop North Korea from evading sanctions imposed by the United States and United Nations.
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The cybersecurity agency believes that the threat from North Korean hackers will not go away unless crypto firms take necessary but simple steps to ensure their security.
2869 - Newsletter
In this week’s DeFi newsletter, we look at the growing market of MetaMask, Polygon’s pledge to go carbon neutral, and more.
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Former Ethereum developer Virgil Griffith has been sentenced to 63 months in prison and a $100,000 fine for violating sanctions on North Korea.
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Hackers from North Korea have nearly doubled their thefts since 2019 by amassing $400 million in crypto via cyberattack in 2021.
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Cryptocurrencies, including CBDC’s, have now become a part of the narrative on sanctions due to high adoption.
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The plea deal ends a nearly two-year legal battle between Griffith and U.S. prosecutors tied to a presentation the developer gave in Pyongyang.
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Griffith will likely spend the next two months in jail before his trial in September.
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