CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

North Korea

U.S. Treasury Sanctions North Korean-Owned Binance Wallets; Says Entities Used Funds to Support WMD Programs

The Binance-hosted wallets received more than $2 million worth of various cryptocurrencies that were then sent on to North Korean entities, OFAC alleged

May 23, 2023 at 3:25 p.m. UTC

May 23, 2023

North KoreaOFACBinanceSanctions

Tigran Gambaryan, head of financial crime compliance at Binance attends Consensus 2023. (Amitoj Singh/CoinDesk)

Binance Official Says Crypto Exchange Has Ousted North Koreans

"They recognized Binance was not the place for them," said Tigran Gambaryan, head of financial crime compliance at Binance.

By Amitoj Singh

Apr 27, 2023 at 7:36 p.m. UTC

Apr 27, 2023

regulationsComplianceBinanceNorth KoreaConsensus 2023Changpeng Zhao

U.S. Treasury Department in Washington, D.C.

U.S. Sanctions 3 North Koreans for Supporting Hacking Group Known for Crypto Thefts

The three were engaged in crypto activities themselves, and the U.S. Treasury Department says they were tied to the networks of DPRK entities laundering stolen crypto or moving illicit funds for that country.

By Nikhilesh De Jesse Hamilton

Apr 24, 2023 at 2:33 p.m. UTC

Apr 24, 2023

regulationsSanctionsOFACLazarus groupU.S. Treasury DepartmentNorth Korea

Video

Defi

U.S. Treasury Report Warns of Illicit Finance Risks Associated With DeFi

In its first analysis of illicit finance risks associated with decentralized finance published Thursday the U S Treasury Department said thieves scammers ransomware cyber criminals and actors for North Korea are using De Fi to launder proceeds from crime The Hash panel discusses the new report calling for more oversight and the pros and cons [...]

By CoinDesk Inc

Apr 6, 2023 at 5:48 p.m. UTC

Apr 6, 2023

DeFicdtvNorth KoreaHash clip

Video

Cdtv

North Korea Hackers Likely Exploit Cloud Mining Services to Launder Stolen Crypto: Mandiant Research

North Korean hacker group APT43 probably uses cloud mining services to launder stolen crypto, according to research by Google-owned cybersecurity firm Mandiant. "The Hash" discusses the latest in the world of crypto crime.

By CoinDesk Inc

Mar 29, 2023 at 4:53 p.m. UTC

Mar 29, 2023

cdtvGoogleNorth KoreaHash clipHackerApt43Mandiant

Technology

Hacker

North Korea Hackers Likely Exploit Cloud Mining to Launder Stolen Crypto, Research Shows

The APT43 group steals crypto to fund operations and launders it through cloud mining services.

By Eliza Gkritsi

Mar 28, 2023 at 3:00 p.m. UTC

Mar 28, 2023

HackerNorth KoreaSouth KoreaBitcoin MiningMining CentersCloud

CDCROP: North Korean Leader Kim Jong Un (Getty Images)

Finance

Analysis

Hacker vs. Hacker: North Koreans Attempt to Phish Euler Exploiter of $200M in Crypto, Experts Say

An unlikely exchange played out on the Ethereum blockchain, sparking confusion and alarm.

By Elizabeth Napolitano Sage D. Young

Mar 21, 2023 at 11:40 p.m. UTC

Mar 21, 2023

AnalysisEuler FinanceLazarus groupNorth Korea

Flags fly in Pyongyang, North Korea (Micha Brandli/Unsplash)

Markets

Euler finance

Wallet Tied to Euler Exploit Sends 100 Ether to Lazarus Group

Lazarus Group was behind the $625 million exploit of Axie Infinity’s Ronin network in March 2022.

By Sam Reynolds

Mar 17, 2023 at 6:07 a.m. UTC

Mar 17, 2023

Euler FinanceEulerLazarus groupNorth Korea

Elizabeth Rosenberg, Assistant Secretary for Terrorist Financing and Financial Crimes at the U.S. Department of the Treasury

Policy

Regulations

U.S. Treasury Poised to Release View on How DeFi Used in Illicit Finance

The department has reviewed decentralized finance’s role in such incidents as North Korean ransomware attacks, and will issue a risk assessment, a senior official said.

By Jesse Hamilton

Mar 14, 2023 at 8:05 p.m. UTC

Mar 14, 2023

regulationsTreasury DepartmentDeFiillicit financeNorth KoreaUS

Video

Cdtv

Dutch Prosecutors Now Have Access to Tornado Cash Developer's Computer

Dutch prosecutors investigating Tornado Cash developer Alexey Pertsev have recently gained access to his laptop and are now using the data to probe key features of the case including whether he personally profited from the privacy service Pertsev is awaiting trial on money laundering charges for contributing to Tornado Cash which the U S Office [...]

By CoinDesk Inc

Feb 16, 2023 at 5:45 p.m. UTC

Feb 16, 2023

cdtvNorth KoreaHash clipTornado CashAlexey PertsevDutch