**#Bitcoin #blockchain.transactions

A transaction is a transfer of Bitcoin value on the blockchain. In very simple terms, a transaction is when participant A gives a designated amount of Bitcoin they own to participant B. Transactions are created through wallets: either on mobile, desktop or specialized hardware.

For Bitcoin users, sending a transaction is as simple as entering an amount and an address in their wallet and pressing send. They don’t have to worry about the technicalities of how it works. Many users are curious how it works in practice though.

Bitcoin makes use of public-key cryptography to ensure the integrity of transactions created on the network. In order to transfer bitcoin, each participant has pairs of public keys and private keys that control pieces of bitcoin they own. A public key is a series of letters and numbers that a user must share in order to receive funds. In contrast, a private key must be kept secret as it authorizes the spending of any funds received by the associated public key.

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#Hackers.from.this.country steal $600 million in cryptocurrencies in 2023 🔥

_Once a target is compromised, #Lazarus uses the compromised private keys and seed phrases. They are the main aspects of storing cryptocurrencies, to initiate unauthorized #blockchain.transactions . In most cases, stolen assets are distributed across several wallets. A portion of it is eventually deposited into a cryptocurrency mixer such as Tornado Cash or #Sinbad. . North Korean hackers are also cashing out their funds via OTC desks, where they exchange currencies such as the stablecoin Tether USDT for fiat currencies. The company has reportedly strengthened its vigilance against money laundering and is working with the US Treasury Department to combat illicit financing. Protocols like Tornado Cash, Sinbad, and Blender.io that allow users to obfuscate transactions have also been sanctioned by the Treasury Department's Office of Foreign Assets Control (OFAC).
OFAC's sanctions support a greater "whole-of-government" approach to Lazarus and its operations. Which authorities believe funnels profits into North Korea's nuclear program. The Financial Crimes Enforcement Network has described cryptocurrency mixers as a threat to national security. While the United States involved other world governments. Authorities from the United States, South Korea, and Japan announced a tripartite initiative to address cryptocurrency money laundering by Lazarus and other DPRK-financed actors.

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