Chinese OTC trader linked to laundering millions for North Korean hackers

Blockchain investigator ZachXBT has uncovered the identity of a Chinese over-the-counter (OTC) trader accused of aiding the North Korea-affiliated Lazarus Group in laundering stolen crypto. The trader, identified as Yicong Wang, has reportedly helped the group convert tens of millions of dollars in crypto from various hacks into cash through bank transfers since 2022, according […] The post Chinese OTC trader linked to laundering millions for North Korean hackers appeared first on CryptoSlate.

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Chinese trader helped Lazarus Group launder millions: ZachXBT

A Chinese trader helped the North Korea-linked hacker Lazarus Group launder millions of dollars’ worth of stolen cryptocurrencies. Blockchain investigator ZachXBT revealed in a post on X on Oct. 23 that Yicong Wang, a Chinese over-the-counter trader who operated under…

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Bitcoin ETF security concerns mount after FBI warns of North Korean hackers

North Korean hackers are reportedly targeting the billions of dollars in BTC and ETH held by crypto ETF custodians. 

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North Korean Lazarus hacker group using LinkedIn to target and steal assets: Report

Lazarus group first surfaced in 2009, and since then, it has primarily targeted crypto firms, stealing billions of dollars worth of assets.

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Lazarus laundered $174m in ETH stolen from HTX, moved assets to Bitcoin

Despite being blacklisted by OFAC, the Tornado Cash mixer continues to operate, helping North Korea-linked hackers in laundering millions of stolen crypto. The DPRK-affiliated hacking group Lazarus Group successfully laundered hundreds of millions of dollars worth of Ethereum (ETH) stolen…

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North Korean Hacking Group Gathers Over $40 Million In BTC After Prolific Attacks Against Exchange And Wallets

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Tornado Cash creators deny laundering $1b for North Korea hackers

Tornado Cash co-founders Roman Storm, Roman Semenov, and Alexey Pertsev are accused of helping criminals launder millions of dollars worth of stolen crypto

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FBI Warns North Korean Hackers May Sell $40 Million In Bitcoin

In a recent statement, the Federal Bureau of Investigation (FBI) alerted the crypto industry about suspicious Bitcoin transactions linked to the Democratic People’s Republic of Korea (DPRK). These activities connect directly to a theft amounting to hundreds of millions of dollars.

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FBI flags 6 Bitcoin wallets linked to North Korea, urges vigilance in crypto firms

Although the likes of Lazarus Group have stolen billions of dollars worth of crypto, the public ledger technology makes it difficult for them to launder funds, as they can be tracked and frozen.

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The international sting operation aimed at apprehending North Korean cryptocurrency hackers is detailed within.

A joint team of South Korean spies and American private investigators gathered at the South Korean intelligence service to track $100 million stolen from California cryptocurrency firm, Harmony. The team had been waiting for North Korean hackers to move the stolen crypto into accounts that could be converted to dollars or Chinese yuan, hard currency […] Сообщение The international sting operation aimed at apprehending North Korean cryptocurrency hackers is detailed within. появились сначала на Coinstelegram.

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Justice Department Seizes $500,000 From North Korean Hackers

The U.S Justice Department has seized and returned almost half a million dollars to two hospitals in Kansas and Colorado that were stolen by North Korean Hackers. The medical centers...

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North Korea’s ‘illicit’ crypto holdings heavily impacted by market crash

The recent crypto market crash has left North Korea with millions of dollars in losses on its stolen crypto assets and could affect funding for its weapons program, Reuters reported. The post North Korea’s ‘illicit’ crypto holdings heavily impacted by market crash appeared first on CryptoSlate.

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North Korean Hackers Used Binance for Laundering Millions of Dollars Worth of Crypto: Reuters

Bad actors have laundered billions of dollars worth of crypto with help of Binance, according to Reuters

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World’s First Bitcoin ETF Records Stellar Growth, AUM Crosses Half A Billion Dollars

The world’s first Bitcoin exchange-traded fund (ETF) launched in Canada last week to a great reception by investors. It set the record for the best-performing ETF in Canada and one of the top five ETFs in North America.

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Marathon Buys Additional 10,000 Antminers to Become Largest US Bitcoin Miner

Nasdaq-listed Marathon Patent Group is buying 10,000 of the more efficient Antminer S19 Pro bitcoin miners from Bitmain in a deal worth millions of dollars. ▪ Marathon said the deal would boost the company’s operations to 23,560 next-generation miners, “making it the largest self-miner in North America”.

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US Department of Justice Working on Seizing 280 Crypto Accounts

The US government is looking to seize 280 cryptocurrency accounts that were used by North Korean hackers who reportedly stole millions of dollars of digital assets from two crypto exchanges. A civil forfeiture complaint is filed by the US Department of Justice.

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US authorities go after 280 crypto accounts allegedly tied to North Korea

Two Chinese crypto exchanges allegedly lost millions of dollars to North Korean hackers.

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Virgil Griffith Is Going Home as His Father Paid 1 Million Dollars Bond

Coinspeaker Virgil Griffith Is Going Home as His Father Paid 1 Million Dollars BondThe Ethereum proponent arrested for his speech in North Korea, Virgil Griffith is going home thanks to understanding (and rich) parents.

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UN: North Korea Accumulating Cryptocurrency For Weapons Programs

A recent report by the United Nations has revealed that North Korea has amassed billions of dollars for its weapons programs. The loot has been pilfered from cyber-attacks and cryptocurrency exchange hacks according to the confidential dossier.

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North Korean hacking groups and copycats are going after financial institutions

State-sponsored and criminal actors are mounting a wide array of cyber attacks against the global finance industry with an aim to steal data and sabotage trading systems, according to new research.

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North Korean Hackers Attack Upbit Users in South Korea

North Korean hackers have made a phishing attempt on users of the South Korean crypto exchange Upbit. News correspondents in Korea broke this development on May 29, 2019, detailing the ploy to steal Upbit users’ information.

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Innisfil Becomes First City in Canada to Accept Bitcoin for Municipal Taxes

Ohio might have made history as the first city to accept cryptocurrency for corporate taxes, but one Canadian town is adding its name to the books by becoming the first in North America to permit its citizens to pay their personal taxes in bitcoin.

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North Korea Stockpiles $650 Million in Crypto, Hypocritical UN Blames Bitcoin

North Korea has Cryptocurrency. A lot of it. In a piece from Nikkei Asian review, it was reported that experts have testified to the UN that Kim Jong Un’s regime is sitting upon more than half a billion US dollars’ worth of Crypto.

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Citing Executive Embezzlement, Korean Crypto Exchange Declares Bankruptcy

Coinbin, a South Korean crypto exchange, declared bankruptcy on February 22, 2019, citing foul play from inside the company. Business Korea reported on Coinbin’s recent failure, claiming that the company had lost $26 million as a result of theft and the subsequent bankruptcy declaration.

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Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive

As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency.

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North Korean Hacking Group Lazarus Stole $571 Million in Cryptos: Report

North Korea's infamous hacking group, dubbed Lazarus, has managed to steal over half a billion dollars in cryptocurrencies, a report indicates.

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North Korean Hacking Group Lazerus Stole $571 Million in Cryptos: Report

North Korea's infamous hacking group, dubbed Lazarus, has managed to steal over half a billion dollars in cryptocurrencies, a report indicates.

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Mining Crypto and Evading Sanctions in North Korea

Cybersecurity and anti-money laundering experts believe that North Korea could be using cryptocurrencies to acquire USD. The country is likely developing its own cryptocurrency and private blockchain.

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How North Korea Could Be Mixing Bitcoin To Get Hold Of USD

According to Cryptoglobe, two US based finance experts, Lourdes C. Miranda and Ross Delston have told Asia Times that they believe North Korea (DPRK) could be mixing cryptocurrencies in order to get hold of US Dollars, in a move designed to totally undermine US economic sanctions.

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Dennis Rodman Shills Potcoin During Trump North Korea Summit

If you’ve never, never done acid and wondered what it’s like, this week’s news is pretty spot-on. Markets are panicking as the bitcoin price plummets to “only” seven thousand dollars. The host of The Apprentice, President Donald Trump, opened face-to-face negotiations with the DPRK which may finally end the 68-year Korean War.

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