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North Korea’s cyberattacks netted $3 billion in cryptocurrency heists, UN report reveals

North Korea

A recent report from South Korean news agency Yonhap, citing a study by the United Nations (UN) Security Council, has uncovered the extensive involvement of North Korea in cryptocurrency-related cybercrimes. The study from 2017 to 2023 reveals a staggering total of $3 billion in stolen funds attributed to North Korean-linked hacking activities. UN investigated 17 […]

North Korea Utilizing AI for Surveillance and Wargaming Purposes Raises Concerns Worldwide

North Korea

In a recent study reported by Reuters, it has come to light that North Korean scientists are actively exploring the application of artificial intelligence (AI) for surveillance and military purposes.  Despite international sanctions restricting their access to hardware necessary for AI systems, North Korea’s relentless pursuit of this technology has raised concerns among experts and […]

Intriguing alliances: Russia’s plans with North Korea

Intriguing alliances: Russia's plans with North Korea

The geopolitical chessboard is getting more intricate as Russia plans its next move, aligning with North Korea. The recent developments have set tongues wagging about Russian President Vladimir Putin’s impending visit to Pyongyang. This marks a significant diplomatic stride since it would be the first Russian presidential visit to North Korea in over two decades. […]

Kim Jong Un kills South Korea unification hopes

Kim Jong Un kills South Korea unification hopes

Defying decades of political orthodoxy, North Korea’s leader Kim Jong Un has jettisoned the country’s commitment to reunifying with South Korea. This shift marks a chilling escalation in military rhetoric and a stark departure from a long-held vision of a united Korean peninsula. The End of a Dream It’s a hard pill to swallow, but […]

US-North Korea tensions flare again: What’s the problem now?

US-North Korea tensions flare again: What's the problem now?

The simmering pot of US-North Korea relations is boiling over yet again. It seems like the world’s longest-running geopolitical soap opera has introduced a fresh episode of tension, where nuclear threats and military maneuvers are as common as popcorn at a movie theater. The latest flare-up pivots around the United States’ blunt warning to North […]

U.S. Treasury sanctions Sinbad, a crypto mixer tied to North Korean hacks

U.S. Treasury sanctions Sinbad, a crypto mixer tied to North Korean hacks

The United States Treasury Department has imposed sanctions on Sinbad, a virtual currency mixer linked to laundering millions of dollars for the North Korea-based Lazarus Group. This action represents a robust response to the growing threat of cybercrimes involving cryptocurrencies. The crackdown on Sinbad: A response to cyber heists Sinbad, known for its role in […]

North Korea hackers swipe $70 million in cryptos

North Korean hackers are still coming for cryptos The latest

A brand new heist has left the crypto world rattled, with the fingers pointed firmly at North Korea. A whopping $70 million has vanished from the vaults of CoinEx, a crypto exchange that operates out of Hong Kong. The audacious cyber-theft is yet another sign of the shifting sands in global finance. Digital currency, once […]

North Korean hackers use Russian exchanges to move stolen crypto

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Recent data reveals alarming trends in the world of cybercrime. On September 14, Chainalysis, a leading on-chain analytics firm, estimated a staggering $3.54 billion in stolen bitcoin. Besides pinpointing the culprits, the report sets the spotlight on North Korea. The country is escalating its illicit activities in the cyber realm. Moreover, it appears to be […]

North Korean APT group Konni targets the cryptocurrency industry using WinRAR vulnerability

North Korean hackers turn to Russian exchanges for crypto laundering, says Chainalysis

North Korean APT (Advanced Persistent Threat) group Konni exploits a recently disclosed WinRAR vulnerability to launch its first attack on the cryptocurrency sector. A new vector of attack North Korean APT group Konni has made headlines by exploiting a recently disclosed WinRAR vulnerability (CVE-2023-38831) to target the cryptocurrency industry, according to a Chinese security firm […]

South Korea to “track and neutralize” North Korean digital loot

JasperArt 2023 09 04 19.41.53 upscaled

In a swift response to rising cybersecurity threats, South Korea is drafting legislation to track and freeze North Korean cryptocurrency assets. The move comes amid revelations that North Korea pilfered around $1.28 billion in Bitcoin and Ethereum last year alone as part of a larger haul exceeding $3 billion over the past five years. Drawing […]

CoinsPaid hack exposed: North Korean group allegedly behind cybertheft

crypto

CoinsPaid, the world’s largest crypto payments provider, has revealed details of a hacking incident that occurred on July 22, 2023, resulting in the theft of $37.3 million. The company suspects that the notorious Lazarus Group, linked to the North Korean government, is behind the attack. The Lazarus Group has been responsible for various high-profile hacking […]

North Korean hackers are still coming for cryptos – The latest

North Korean hackers are still coming for cryptos The latest

Cryptocurrency has faced an unrelenting onslaught of security breaches, with the most recent attack tracing back to the North Korean government, demonstrating their continuous cyber threat. The spotlight has turned towards the United States, where an American IT management firm, JumpCloud, found itself in the crosshairs of these cyber assailants. The Siege on JumpCloud: A […]

North Korea plans spy satellite to monitor U.S. drills

North Korea says it will launch its first ever military spy satellite

The North Korean regime, in an unexpected declaration, disclosed plans to venture into satellite espionage for military purposes. This unveiling signals the nation’s maiden foray into launching a spy satellite – a development that has triggered a ripple effect on defense stocks in South Korea and Japan. The impending project comes in the wake of […]

North Korean hackers drain Japan of $721 million in cryptocurency: Report

North Korean hackers drain Japan of $721 million in cryptocurency: Report

As cybercrime continues to threaten global security, a new wave of cyberattacks linked to North Korea has been stealing headlines, with Japan being one of the hardest hit. According to a study conducted by the U.K.-based blockchain analytics firm Elliptic, the rogue state’s hacking groups have been implicated in the theft of a staggering $721 […]

US DOJ launches manhunt for DeFi hackers and thieves

DOJ

Washington, D.C. – The U.S. Department of Justice (DOJ) has recently escalated its efforts to target criminal activities within the decentralized finance (DeFi) space. With an increasing number of thefts and hacks taking place in the digital currency ecosystem, the DOJ is determined to safeguard the integrity of the financial system and protect investors from […]

North Korea’s missile programs allegedly funded by stolen crypto

north korea

Anne Neuberger, Deputy National Security Adviser for Cyber and Emerging Technology, has reinforced the United States government’s commitment to tracking and identifying digital asset thieves originating from North Korea. Unidentified sources from within the White House have revealed that North Korea has been financing roughly half of its missile tests through the proceeds of cryptocurrency […]

U.S. grows increasingly agitated over North Korea’s cyber crimes

U.S.

As tensions rise on the Korean Peninsula, the U.S., South Korea, and Japan have expressed deep concern over North Korea’s “malicious” cyber activities that support its weapons programs. Cryptocurrency funds stolen by North Korean hackers have been a key source for financing the sanctions-stricken country’s weapons programs, officials and experts in the United States and […]

US Treasury’s report point to illegal DeFi use by Criminals and North Korea

Crypto

The US Treasury Department has issued a press release regarding the illegal finance risk assessment for 2023 DeFi. The report was released following a thorough examination of the decentralized finance sector. The report also discusses how the Democratic People’s Republic of Korea (DPRK), cybercriminals, thieves, scammers, and ransomware attackers use DeFi services to launder and […]

U.S Treasury report reveals how North Korea and criminals use DeFi services to facilitate money laundering

Treasury

The United States Treasury Department has released a report highlighting the potential for bad actors to exploit vulnerabilities in decentralized finance (DeFi) platforms to facilitate money laundering.  The report, entitled ‘Illicit Finance Risk Assessment of Decentralized Finance’, singles out actors from the Democratic People’s Republic of Korea, or North Korea, as well as other scammers. […]

Norway police confiscate $5.9 million in connection with the Axie Infinity hack

Norway police confiscate $5.9 million in connection with the Axie infinity hack

On Thursday, the Norway police released an email statement announcing the seizure of 60 million Kroner (roughly $5.9 million). However, the seized cryptocurrency was linked to the Axie Infinity hack in March 2022. It resulted in losses estimated at around $600 million, with this seizure being one of the largest by Økokrim—the unit fighting economic […]

Huobi and Binance take action against North Korean hackers – What you need to know

Huobi and Binance take action against North Korean hackers What

Two major cryptocurrency exchanges, Binance and Huobi, have frozen accounts containing approximately $1.4 million in crypto assets linked to the North Korean Lazarus Group’s cybercrime activities. How Huobi and Binance did it This swift action was made possible by espionage provided by Elliptic, a blockchain analytics firm, which traced the funds to their destination. The […]

South Korea sanctions North Korean hackers for crypto thefts

South Korea has recently taken a stand against North Korean cyberattacks and crypto thefts with the announcement of its inaugural independent sanctions. Seoul’s Ministry of Foreign Affairs revealed that seven businesses and four notorious individuals—Park Jin-hyok, Jo Myong-rae, Song Rim, and Oh Chung-Seong—have all been placed on the blacklist for suspected involvement in illegal cryptocurrency […]

The US OFAC sanctions Tornado Cash for connections with the Lazarus Group

Tornado Cash

One of the most popular crypto mixers, Tornado Cash, entered the payroll of risky websites according to the OFAC. According to reports, the crypto platform contributed more than $7B in laundering in 2019 when it was its official launch. Likewise, the mixer is accused of supporting major virtual criminals who the department investigates. Tornado Cash […]

Ronin Network hackers have cashed over 28k Ether (ETH)

Biggest hacks of this week - 15th August

TL; DR Breakdown Ronin Network was hacked in March 2022 and over $615 million worth of ETH stolen The hackers have cashed in over 28,000 ETH so far. Over a month ago, hackers exploited the Ronin Network, the sidechain created to scale Axie Infinity, and stole over $615 million worth of ETH. The hackers has […]

Lazarus Hackers from North Korea get linked to the $625M Crypto Theft

Lazarus

TL;DR Breakdown A few weeks back, a staggering $625 million was wiped from the Ronin Bridge. The US Treasury Department accuses the Lazarus Group of being involved in the crypto theft. Ronin Bridge continues to raise funds for recovering the stolen assets. The global relevance of the crypto sector is increasing. This is why countries […]

North Korea reportedly steals cryptocurrency assets using hacking groups

North Korea

TL;DR Breakdown • North Korean government reportedly financing crypto pirates.• Mandiant investigates North Korea after linking it to the theft of $400,000,000 in cryptocurrency funds. Recently a cyber security agency announced that the North Korean government promotes crypto-thefts in its territory. According to reports, a North Korean group is dedicated to hacking crypto wallets to […]

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