Tag Archives: north korea

Blockchain analysis firm Chainalysis has published a new report suggesting that cybercriminals stationed in Russia have made off with approximately $400 million in stolen digital currency funds. Cybercrime in Russia Is Booming Chainalysis says that much of this money was garnered through extortion and ransomware attacks. The news plays on the idea that crypto crime has grown heavily in recent years, with the blockchain firm stating in recent documents that billions of...

A new report from blockchain analysis firm Chainalysis suggests that in the year 2021, North Korea stole as much as $400 million worth of cryptocurrency. As many as seven separate attacks were launched as a means of gaining access to the money. North Korea Is Rich from Stealing Crypto Among the methods used to engage in thievery were “phishing lures, code exploits, malware, and advanced social engineering to siphon funds” out of organizations’ hot wallets and addresses,...

Not long ago, a crypto expert by the name of Virgil Griffith caused a stir when he attended a blockchain conference in North Korea – a country sanctioned by the United States – and offered a seminar on how blockchain could potentially be used to hide transactions and avoid financial prying from the West. Virgil Griffith Will Be Sentenced Soon The conference took place in 2019. Now, Griffith is facing the tune of his actions and has pled guilty to helping North Korea...

One of the biggest cryptocurrency thefts in history occurred last year. It involved the digital exchange KuCoin, which ultimately lost more than $275 million in total assets. Now, a new report has emerged blaming Lazarus – a North Korea-based hacking group – for the attack.Lazarus Is Behind a Massive TheftLazarus has been active for several years. The organization is believed to be centered in North Korea. It is also alleged that the group has stolen more than $1.75 billion in total digital...

Recently, Live Bitcoin News reported that the U.S. was looking to sue North Korea over several million dollars-worth of cryptocurrency that had been stolen over the past year via cyberattacks on two separate exchanges. There has been a break in the story in that the U.S. is no longer planning to file suit, as it has already gained access to the nearly 300 accounts that the stolen money had been filtered into. The country is now moving to transfer these funds back into American digital...

The United States is saying “enough” when it comes to the hacking history of nuclear state North Korea. The country is now suing its rival for control of more than 200 separate bitcoin and Ethereum accounts which allegedly contain crypto funds that were taken illegally from two trading exchanges.North Korea Is Being Taken to CourtNorth Korea has a long history of stealing cryptocurrency to fund its illicit programs. The country is allegedly the home of Lazarus, a hardcore hacking organization...

The Lazarus Group – a cryptocurrency hacking organization allegedly based in North Korea – is once again searching for digital funds it has no right to, and this time, it’s utilizing social media and job hunting platform LinkedIn to get the job done.Lazarus Is Stealing Crypto Through LinkedIn AdsAmong the latest victims to fall into Lazarus’ hands is F-Secure, a cryptocurrency organization. Thus far, about 14 separate businesses have been compromised in both the United States and the UK....

Two Chinese nationals have been charged in the United States for allegedly harboring more than $100 million in stolen crypto funds for the North Korea-based hacking group Lazarus.Lazarus Is At the Front and CenterNorth Korea has a long, complicated, and downright ugly history with digital assets. The country, known for its dictatorial regime which has involved cyber warfare against its own people and those of other nations, has been on a roll of stealing digital assets from its neighbor to...

North Korea has been upping its attempts to garner cryptocurrency through internet fraud since 2017, according to a new report.North Korea Has Been At It All This TimeA spike of roughly 300 percent in illicit crypto activity has occurred since that year say researchers at the intelligence firm Insikt Group. Their new report states:The Kim regime has developed a model for using and exploiting the internet that is unique. It is a nation run like a criminal syndicate.North Korea has been one of...

Virgil Griffith – the Ethereum research scientist who gave a seminar in North Korea despite lacking permission from the United States government – has been formally indicted and is awaiting trial.Griffith Is Set to Face ChargesGriffith has been charged with assisting a nuclear state and an enemy of the U.S. in learning about how to utilize blockchain and cryptocurrency against American authorities. He is also facing charges for violating the International Emergency Economic Powers...