‘Ship-to-Ship’ Trade and Other Secrets of North Korea’s Illicit $1.5B Crypto Stash
Experts on North Korea say the country’s $1.5 billion cryptocurrency war chest is used to fund an illicit web of trade networks and supply chains.
According to a report by F-secure, a Finland-based cybersecurity company, hackers from the infamous Lazarus group targeted a crypto firm in an attack last year.
Notorious hacking group Lazarus is said to be increasing its efforts to steal cryptocurrency from traders and industry professionals during the COVID-19 crisis.
Prosecutors say the 280 accounts hold crypto stolen from two exchange hacks last year.
Brian Klein has spent the last few years representing crypto OGs against the government and each other. His latest high-profile project is to keep Ethereum developer Virgil Griffith out of jail.
The US government urged countermeasures to stymie North Korea's billion-dollar cybercrime campaigns.
The U.S. Treasury Department's Office of Foreign Asset Control has added two individuals and 20 bitcoin addresses to its sanctions list, accusing them of being part of the North Korea-affiliated Lazarus Group.