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South Korea Sanctions 15 North Korean Hackers for Crypto Theft
South Korea has taken a firm stand against North Korean cybercrime, imposing sanctions on 15 individuals involved in crypto thefts exceeding $1 billion. These individuals, linked to Bureau 313, have allegedly used stolen crypto to fund the DPRK’s weapons program, posing a potential threat to global peace.
Key Highlights
💰 Crypto Theft Dominance:
North Korean hackers were responsible for 61% of all crypto thefts in 2024, stealing $1.34 billion, according to the Chainalysis Crypto Crime Report.47 hacks were conducted by these groups, equivalent to 20% of global incidents.
💻 Bureau 313:
A division of the Workers’ Party of Korea, sanctioned by the UN Security Council since 2016.Utilizes foreign-earned funds for weapons development by deploying IT personnel overseas.
🌍 Cybercrime Networks:
IT personnel from North Korea operate in Africa, China, Southeast Asia, and Russia, some engaging in illicit crypto activities.
Major Crypto Hacks by DPRK
1️⃣ DMM Bitcoin Hack
$305M stolen from the Japanese exchange.Hackers exploited the communications system of a wallet company, Ginco, to intercept transactions.
2️⃣ Atomic Wallet Hack
$100M stolen in 2023.Over 5,500 wallets compromised by the infamous Lazarus Group.
3️⃣ WazirX Hack
$235M stolen from the Indian crypto exchange in 2024.Lazarus Group breached the platform’s security.
A Growing Concern
South Korea’s Ministry of Foreign Affairs stated that these thefts fund Pyongyang’s nuclear weapons program, threatening global security. Notably, DPRK’s cybercrime activities reduced following a summit with Russia in mid-2024, but the broader threat persists.
🔑 Notable Individuals Sanctioned:
Kim Cheol-min: Allegedly funneled funds from US and Canadian companies to Pyongyang.Kim Ryu Song: Accused of earning $88M through identity theft and money laundering.
Implications for Crypto
The actions of DPRK hackers highlight the importance of enhanced security measures in the crypto ecosystem. Governments, exchanges, and users must remain vigilant to safeguard against cyber threats.
#CryptoSecurity #NorthKorea #Crypto #CryptoNews #TheCoinRepublic
Key Highlights
💰 Crypto Theft Dominance:
North Korean hackers were responsible for 61% of all crypto thefts in 2024, stealing $1.34 billion, according to the Chainalysis Crypto Crime Report.47 hacks were conducted by these groups, equivalent to 20% of global incidents.
💻 Bureau 313:
A division of the Workers’ Party of Korea, sanctioned by the UN Security Council since 2016.Utilizes foreign-earned funds for weapons development by deploying IT personnel overseas.
🌍 Cybercrime Networks:
IT personnel from North Korea operate in Africa, China, Southeast Asia, and Russia, some engaging in illicit crypto activities.
Major Crypto Hacks by DPRK
1️⃣ DMM Bitcoin Hack
$305M stolen from the Japanese exchange.Hackers exploited the communications system of a wallet company, Ginco, to intercept transactions.
2️⃣ Atomic Wallet Hack
$100M stolen in 2023.Over 5,500 wallets compromised by the infamous Lazarus Group.
3️⃣ WazirX Hack
$235M stolen from the Indian crypto exchange in 2024.Lazarus Group breached the platform’s security.
A Growing Concern
South Korea’s Ministry of Foreign Affairs stated that these thefts fund Pyongyang’s nuclear weapons program, threatening global security. Notably, DPRK’s cybercrime activities reduced following a summit with Russia in mid-2024, but the broader threat persists.
🔑 Notable Individuals Sanctioned:
Kim Cheol-min: Allegedly funneled funds from US and Canadian companies to Pyongyang.Kim Ryu Song: Accused of earning $88M through identity theft and money laundering.
Implications for Crypto
The actions of DPRK hackers highlight the importance of enhanced security measures in the crypto ecosystem. Governments, exchanges, and users must remain vigilant to safeguard against cyber threats.
#CryptoSecurity #NorthKorea #Crypto #CryptoNews #TheCoinRepublic
🕵️♂️ FBI has linked the 🇰🇵 North Korean hacker group 'TraderTraitor' to a 💲308 million cryptocurrency heist from the 🇯🇵 Japanese exchange DMM Bitcoin in May 2024. The attack began in March 2024 when a hacker posed as a recruiter on LinkedIn and targeted an employee of Ginco, a cryptocurrency wallet software company. The hacker used malicious code to infiltrate Ginco and then DMM Bitcoin, ultimately manipulating a transaction to steal 4,502.9 $BTC . The FBI has been monitoring TraderTraitor since 2022 for targeting the blockchain sector with fake apps❗
#TraderTraitor #FBI #Hack #NorthKorea
$ETH $XRP
#TraderTraitor #FBI #Hack #NorthKorea
$ETH $XRP
US imposes sanctions on North Korea’s crypto laundering network
US imposes sanctions on North Korea’s crypto laundering network
The U.S. Treasury Department sanctioned two individuals and one entity for laundering cryptocurrencies for the North Korean Democratic People’s Republic of Korea (DPRK).
Two Chinese nationals, Lu Huaying and Zhang Jian, helped the crypto money laundering as part of a more extensive illicit network headed by a sanctioned DPRK banking representative named Sim Hyon Sop, according to the Treasury’s Office of Foreign Assets Control (OFAC).
Li and Zhang worked at a front company in the United Arab Emirates named Green Alpine Trading, which allegedly served as a core component of the money laundering network. The company has been designated as a sanctioned organization.
“The DPRK continues to use agents and proxies to access the international financial system to conduct illicit financial activities, including fraudulent IT work, digital assets heists, and money laundering, in support of its unlawful WMD and ballistic missile programs.” the statement said.
North Korea-backed hacker groups, including the Lazarus Group, are accused of orchestrating some of the largest hacks in crypto, such as the $600 million hack of the Ronin Ethereum sidechain in 2022.
One common tactic reportedly employed by North Korean hackers is disguising themselves as recruiters or high-level executives in crypto investment companies.
Blockchain security firm SlowMist previously stated that a member of the Lazarus hacker group impersonated an executive member of Chinese blockchain asset management firm Fenbushi Capital to lure LinkedIn users into clicking malicious links.
North Korea’s state-backed crypto hacker groups earned the country around 50% of its foreign currency, a large share of which was allegedly used for developing weapons of mass destruction, South Korea's Yonhap News Agency reported in March this year citing the UN Security Council.
#NorthKorea #USACryptoTrends #BitcoinTherapist #Cryptomarket #CryptoNews
The U.S. Treasury Department sanctioned two individuals and one entity for laundering cryptocurrencies for the North Korean Democratic People’s Republic of Korea (DPRK).
Two Chinese nationals, Lu Huaying and Zhang Jian, helped the crypto money laundering as part of a more extensive illicit network headed by a sanctioned DPRK banking representative named Sim Hyon Sop, according to the Treasury’s Office of Foreign Assets Control (OFAC).
Li and Zhang worked at a front company in the United Arab Emirates named Green Alpine Trading, which allegedly served as a core component of the money laundering network. The company has been designated as a sanctioned organization.
“The DPRK continues to use agents and proxies to access the international financial system to conduct illicit financial activities, including fraudulent IT work, digital assets heists, and money laundering, in support of its unlawful WMD and ballistic missile programs.” the statement said.
North Korea-backed hacker groups, including the Lazarus Group, are accused of orchestrating some of the largest hacks in crypto, such as the $600 million hack of the Ronin Ethereum sidechain in 2022.
One common tactic reportedly employed by North Korean hackers is disguising themselves as recruiters or high-level executives in crypto investment companies.
Blockchain security firm SlowMist previously stated that a member of the Lazarus hacker group impersonated an executive member of Chinese blockchain asset management firm Fenbushi Capital to lure LinkedIn users into clicking malicious links.
North Korea’s state-backed crypto hacker groups earned the country around 50% of its foreign currency, a large share of which was allegedly used for developing weapons of mass destruction, South Korea's Yonhap News Agency reported in March this year citing the UN Security Council.
#NorthKorea #USACryptoTrends #BitcoinTherapist #Cryptomarket #CryptoNews
US imposes sanctions on North Korea’s crypto laundering network
The U.S. Treasury Department sanctioned two individuals and one entity for laundering cryptocurrencies for the North Korean Democratic People’s Republic of Korea (DPRK).
Two Chinese nationals, Lu Huaying and Zhang Jian, helped the crypto money laundering as part of a more extensive illicit network headed by a sanctioned DPRK banking representative named Sim Hyon Sop, according to the Treasury’s Office of Foreign Assets Control (OFAC).
Li and Zhang worked at a front company in the United Arab Emirates named Green Alpine Trading, which allegedly served as a core component of the money laundering network. The company has been designated as a sanctioned organization.
“The DPRK continues to use agents and proxies to access the international financial system to conduct illicit financial activities, including fraudulent IT work, digital assets heists, and money laundering, in support of its unlawful WMD and ballistic missile programs.” the statement said.
North Korea-backed hacker groups, including the Lazarus Group, are accused of orchestrating some of the largest hacks in crypto, such as the $600 million hack of the Ronin Ethereum sidechain in 2022.
One common tactic reportedly employed by North Korean hackers is disguising themselves as recruiters or high-level executives in crypto investment companies.
Blockchain security firm SlowMist previously stated that a member of the Lazarus hacker group impersonated an executive member of Chinese blockchain asset management firm Fenbushi Capital to lure LinkedIn users into clicking malicious links.
North Korea’s state-backed crypto hacker groups earned the country around 50% of its foreign currency, a large share of which was allegedly used for developing weapons of mass destruction, South Korea's Yonhap News Agency reported in March this year citing the UN Security Council.
#NorthKorea #USACryptoTrends #BitcoinTherapist #Cryptomarket #CryptoNews
The U.S. Treasury Department sanctioned two individuals and one entity for laundering cryptocurrencies for the North Korean Democratic People’s Republic of Korea (DPRK).
Two Chinese nationals, Lu Huaying and Zhang Jian, helped the crypto money laundering as part of a more extensive illicit network headed by a sanctioned DPRK banking representative named Sim Hyon Sop, according to the Treasury’s Office of Foreign Assets Control (OFAC).
Li and Zhang worked at a front company in the United Arab Emirates named Green Alpine Trading, which allegedly served as a core component of the money laundering network. The company has been designated as a sanctioned organization.
“The DPRK continues to use agents and proxies to access the international financial system to conduct illicit financial activities, including fraudulent IT work, digital assets heists, and money laundering, in support of its unlawful WMD and ballistic missile programs.” the statement said.
North Korea-backed hacker groups, including the Lazarus Group, are accused of orchestrating some of the largest hacks in crypto, such as the $600 million hack of the Ronin Ethereum sidechain in 2022.
One common tactic reportedly employed by North Korean hackers is disguising themselves as recruiters or high-level executives in crypto investment companies.
Blockchain security firm SlowMist previously stated that a member of the Lazarus hacker group impersonated an executive member of Chinese blockchain asset management firm Fenbushi Capital to lure LinkedIn users into clicking malicious links.
North Korea’s state-backed crypto hacker groups earned the country around 50% of its foreign currency, a large share of which was allegedly used for developing weapons of mass destruction, South Korea's Yonhap News Agency reported in March this year citing the UN Security Council.
#NorthKorea #USACryptoTrends #BitcoinTherapist #Cryptomarket #CryptoNews
The United Nations (UN) highlighted that North Korea funds 50% of its foreign exchange through cyberattacks, through an investigation into an attack on a crypto company that caused losses of $3 billion.
#cyberattack #northkorea #Exploiter
#cyberattack #northkorea #Exploiter
Report: North Korean hackers have stolen $3 billion in cryptocurrency over the past six years.
According to US cybersecurity firm Recorded Future, in 2022, North Korean hackers stole cryptocurrency worth 10 times the amount the country earned from exports in 2021.
They targeted targeting South Korea for its cryptocurrency, before expanding its targeting to the rest of the world.
#security🔒 #HackerAlert #northkorea
According to US cybersecurity firm Recorded Future, in 2022, North Korean hackers stole cryptocurrency worth 10 times the amount the country earned from exports in 2021.
They targeted targeting South Korea for its cryptocurrency, before expanding its targeting to the rest of the world.
#security🔒 #HackerAlert #northkorea
North Korean Hacker Hired by Mistake Demands Crypto Ransom After Company Breach
In an era where remote work has become the norm, a recent cybersecurity incident has sent shockwaves through the business community. A company's well-intentioned effort to embrace global talent turned into a nightmare when they unknowingly hired a North Korean cybercriminal as a remote contractor.
Perfect Infiltration
The story reads like a thriller novel: a skilled hacker, armed with meticulously forged credentials, successfully passed through the hiring process and joined the company's workforce. For several months, this individual maintained a convincing facade while secretly preparing for a massive data breach.
The deception only came to light when HR personnel spotted inconsistencies in the contractor's employment history. By then, substantial damage had already been done - sensitive corporate data had been compromised, leading to a six-figure cryptocurrency ransom demand.
A Growing Trend in Cyber Warfare
This isn't just another cybersecurity breach - it represents a sophisticated evolution in cyber warfare tactics. Instead of launching external attacks, threat actors are now infiltrating organizations through legitimate channels, drawing regular salaries while orchestrating attacks from within.
Security experts believe this operation was part of a broader strategy to circumvent international sanctions, with the salary and potential ransom payments being funneled back to support state-sponsored activities.
Lessons for the Modern Workplace
This incident serves as a crucial wake-up call for organizations embracing remote work. Here are key takeaways for businesses:
1. Enhanced Verification Processes
Implement multi-layer background checksVerify credentials through multiple sourcesConsider real-time identity verification tools
2. Improved Security Protocols
Regular security auditsLimited access rights for new employeesAdvanced monitoring systems for remote workers
3. Cultural Awareness
Train teams to recognize suspicious behaviorFoster a security-first mindsetEncourage reporting of unusual activities
Moving Forward
While this incident highlights significant risks, it shouldn't deter companies from embracing remote work. Instead, it should inspire the implementation of stronger security measures. The future of work remains digital and global, but success in this landscape requires a delicate balance between accessibility and security.
Security Best Practices for Remote Hiring
Conduct thorough background checks across international databasesImplement progressive access policies for new hiresMaintain robust monitoring systemsRegular security training for all employeesEstablish clear protocols for handling sensitive data
Final Thoughts
This incident serves as a reminder that cybersecurity isn't just about protecting against external threats - sometimes the biggest risks come from within. As organizations continue to adapt to remote work, the need for comprehensive security measures becomes increasingly critical.
The future of work is undoubtedly remote, but it must be built on a foundation of robust security practices and thorough verification processes. Only then can companies truly harness the benefits of a global talent pool while protecting their vital assets.
#northkorea #NorthKorean #Hacker #cybersecurity #Hacked
Perfect Infiltration
The story reads like a thriller novel: a skilled hacker, armed with meticulously forged credentials, successfully passed through the hiring process and joined the company's workforce. For several months, this individual maintained a convincing facade while secretly preparing for a massive data breach.
The deception only came to light when HR personnel spotted inconsistencies in the contractor's employment history. By then, substantial damage had already been done - sensitive corporate data had been compromised, leading to a six-figure cryptocurrency ransom demand.
A Growing Trend in Cyber Warfare
This isn't just another cybersecurity breach - it represents a sophisticated evolution in cyber warfare tactics. Instead of launching external attacks, threat actors are now infiltrating organizations through legitimate channels, drawing regular salaries while orchestrating attacks from within.
Security experts believe this operation was part of a broader strategy to circumvent international sanctions, with the salary and potential ransom payments being funneled back to support state-sponsored activities.
Lessons for the Modern Workplace
This incident serves as a crucial wake-up call for organizations embracing remote work. Here are key takeaways for businesses:
1. Enhanced Verification Processes
Implement multi-layer background checksVerify credentials through multiple sourcesConsider real-time identity verification tools
2. Improved Security Protocols
Regular security auditsLimited access rights for new employeesAdvanced monitoring systems for remote workers
3. Cultural Awareness
Train teams to recognize suspicious behaviorFoster a security-first mindsetEncourage reporting of unusual activities
Moving Forward
While this incident highlights significant risks, it shouldn't deter companies from embracing remote work. Instead, it should inspire the implementation of stronger security measures. The future of work remains digital and global, but success in this landscape requires a delicate balance between accessibility and security.
Security Best Practices for Remote Hiring
Conduct thorough background checks across international databasesImplement progressive access policies for new hiresMaintain robust monitoring systemsRegular security training for all employeesEstablish clear protocols for handling sensitive data
Final Thoughts
This incident serves as a reminder that cybersecurity isn't just about protecting against external threats - sometimes the biggest risks come from within. As organizations continue to adapt to remote work, the need for comprehensive security measures becomes increasingly critical.
The future of work is undoubtedly remote, but it must be built on a foundation of robust security practices and thorough verification processes. Only then can companies truly harness the benefits of a global talent pool while protecting their vital assets.
#northkorea #NorthKorean #Hacker #cybersecurity #Hacked
🔻🔻$BTC ________🔥 for BTC updates ⏫️⏫️⏫️
United Nations report: North Korea obtains 50% of its foreign exchange income through cyber attacks and loses approximately US$30 billion
BTC - SELL
Reason: Increased likelihood of North Korea's cyberattack activities targeting digital wallets impacts investor confidence in Bitcoin.
Signal strength: HIGH
Signal time: 2024-03-23 20:55:02 GMT
#northkorea #cyberattack #Forex #BTCUSDT #SignalAlert
Always DYOR. It’s not a financial advice, but our POV on the most likely asset move amid the event. What’s yours?
United Nations report: North Korea obtains 50% of its foreign exchange income through cyber attacks and loses approximately US$30 billion
BTC - SELL
Reason: Increased likelihood of North Korea's cyberattack activities targeting digital wallets impacts investor confidence in Bitcoin.
Signal strength: HIGH
Signal time: 2024-03-23 20:55:02 GMT
#northkorea #cyberattack #Forex #BTCUSDT #SignalAlert
Always DYOR. It’s not a financial advice, but our POV on the most likely asset move amid the event. What’s yours?
YoMix Emerges as Lazarus Group's Go-To Bitcoin Mixer 🌐
Chainalysis yearly report has cast light on some unsettling
developments in the crypto-sphere. It appears that YoMix, a #BTC mixing service, has seen a substantial uptick in usage, quintupling its inflows this past year. Alarmingly, a significant slice of this activity—about one-third—is traced back to wallets linked to the notorious Lazarus hacking collective from North Korea
#security #northkorea #TrendingTopic #Write2Earn
Chainalysis yearly report has cast light on some unsettling
developments in the crypto-sphere. It appears that YoMix, a #BTC mixing service, has seen a substantial uptick in usage, quintupling its inflows this past year. Alarmingly, a significant slice of this activity—about one-third—is traced back to wallets linked to the notorious Lazarus hacking collective from North Korea
#security #northkorea #TrendingTopic #Write2Earn
РАЗРАБОТЧИКИ COSMOS УДАЛЯТ СВЯЗАННЫЙ С КНДР МОДУЛЬ ЛИКВИДНОГО СТЕЙКИНГА
Созданный с участием программистов из КНДР модуль ликвидного стейкинга (LSM) удалят из Cosmos Hub. Сейчас команда изучает возможные пути для этого, сообщил разработчик Джейкоб Гадикян.
Накануне соучредитель Cosmos Дже Квон обвинил в халатности CEO Iqlusion Заки Маниана (разработчика LSM) на основании анализа от All in Bits.
Как выяснилось, Маниан скрыл от сообщества, что большую часть кода написали программисты из Северной Кореи. Не сообщил он об этом и после того, как ФБР раскрыло их личности и предупредило компанию.
В 2022 году Oak Security провела аудит безопасности создаваемого по заказу Interchain Foundation (ICF) решения и выявила критические уязвимости.
В апреле 2023 года глава Iqlusion объявил о завершении LSM, несмотря на то, что проблемы не были устранены.
#northkorea #newscrypto #Asia $SOL
Созданный с участием программистов из КНДР модуль ликвидного стейкинга (LSM) удалят из Cosmos Hub. Сейчас команда изучает возможные пути для этого, сообщил разработчик Джейкоб Гадикян.
Накануне соучредитель Cosmos Дже Квон обвинил в халатности CEO Iqlusion Заки Маниана (разработчика LSM) на основании анализа от All in Bits.
Как выяснилось, Маниан скрыл от сообщества, что большую часть кода написали программисты из Северной Кореи. Не сообщил он об этом и после того, как ФБР раскрыло их личности и предупредило компанию.
В 2022 году Oak Security провела аудит безопасности создаваемого по заказу Interchain Foundation (ICF) решения и выявила критические уязвимости.
В апреле 2023 года глава Iqlusion объявил о завершении LSM, несмотря на то, что проблемы не были устранены.
#northkorea #newscrypto #Asia $SOL
🚨 #FBIWarning 🚨
#FBI has released a public Service Announcement report in which they have warned that #northkorea is trying to hack and steal US crypto & Bitcoin ETF funds.
#FBI has released a public Service Announcement report in which they have warned that #northkorea is trying to hack and steal US crypto & Bitcoin ETF funds.
I Made 5.5k $ While Trading on Binance Futures Using My Analysis🥶
Here are Some Tips For You to Become Profitable👇
1.Technical analysis is an effective tool for forecasting market moves.
2.Learn how to read charts and interpret indicators such as moving averages, RSI, and MACD.
3.Use past pricing data to spot trends and potential entry or exit opportunities.
4.Combine technical analysis with other tactics to create a more holistic strategy.
5.Remember, no analysis can guarantee success, but it can help you make better judgments.
6.Regular practice will help you improve your talents.
7.Technical analysis can help you trade more securely and efficiently.
For More Future Trading Guidance and Expert Analysis.
#Binance200M #Amrica #northkorea #SouthKorean #SouthAftica
Here are Some Tips For You to Become Profitable👇
1.Technical analysis is an effective tool for forecasting market moves.
2.Learn how to read charts and interpret indicators such as moving averages, RSI, and MACD.
3.Use past pricing data to spot trends and potential entry or exit opportunities.
4.Combine technical analysis with other tactics to create a more holistic strategy.
5.Remember, no analysis can guarantee success, but it can help you make better judgments.
6.Regular practice will help you improve your talents.
7.Technical analysis can help you trade more securely and efficiently.
For More Future Trading Guidance and Expert Analysis.
#Binance200M #Amrica #northkorea #SouthKorean #SouthAftica
"Accept your shortcomings. It's tough in investing and trading to accept losses. I often read posts on financial forums urging to 'HODL that crypto! It'll bounce back! You'll see, it'll go up again!' Especially on meme coins like $SHIB, $FLOKI, etc., which have shown good performance recently. I know many will mock me, but you need to hear the truth: those telling you to hold are clueless. They're trying to reassure themselves because they're deep in losses, having invested too late. They've lost money and are now foolishly trying to recover in crypto. The 'diamond hands, never sell' mentality is a big mistake. If you know your investment is bad and its value keeps decreasing, you shouldn't hold onto it just because you're in a loss. It's foolish to abandon other opportunities just because your investment might recover in six months. It's like an investment yielding 10% annually, but rejecting another offering 30% annually because you're still in a loss elsewhere. It's entirely foolish and meaningless; you deprive yourself of bigger opportunities and end up losing money. So, accept you've made a bad decision, and stick to it till the end: don't listen to those telling you to hold your crypto if you believe it has no future or, worse, its value will diminish. Sell it in the short to mid-term. Trust me, you'll earn a lot, even if you think you've lost by now. This post reflects only my opinion. Thanks for reading. Like, comment, share, and subscribe; it helps me a lot. You can also tip me financially if you want to help me out, as teaching you more about the crypto market is the only way I receive payment. Thanks to those who will do it."#northkorea #SouthKorean #Pakistan #indiaceyptotax #Write2Erarn
🚨 How North Korea Infiltrated the Crypto Industry
An investigation has revealed that North Korean IT workers have infiltrated the crypto industry, posing as developers to secure remote jobs at over a dozen prominent blockchain companies. These undercover operatives were hired by firms including Injective, ZeroLend, Fantom, Sushi, Yearn Finance, and Cosmos Hub—many of which unknowingly employed workers from North Korea (DPRK), violating U.S. and U.N. sanctions.
North Korean IT workers used fake IDs and falsified documents to pass interviews and background checks. Many of these workers were hired for remote roles, often using anonymous methods, which made it easier for them to blend in. They successfully masked their origins, presenting real work histories and GitHub contributions.
Zaki Manian, a blockchain developer, revealed that more than 50% of incoming resumes in the crypto industry may come from DPRK workers. CoinDesk identified over a dozen companies that had unwittingly hired North Korean developers since 2018. Many of these companies, like Cosmos Hub, have publicly acknowledged the issue for the first time through this investigation.
Hiring North Korean workers is illegal under U.N. and U.S. sanctions, but many companies fell victim to elaborate identity fraud. Worse, CoinDesk found links between DPRK IT workers and hacking incidents. For example, Sushi, a decentralized finance (DeFi) protocol, lost $3 million in a 2021 hack linked to these workers.
These IT workers send their earnings back to Pyongyang to support the regime’s nuclear weapons program, with as much as $600 million annually funneled to the regime. The funds were traced back to DPRK government-linked blockchain addresses, according to U.S. authorities and blockchain payment records.
Crazy story, right?
Follow @Professor Mende - Bonuz Ecosystem Founder for more content!
#northkorea #CryptomarketNews #crypto #bitcoin #btc
An investigation has revealed that North Korean IT workers have infiltrated the crypto industry, posing as developers to secure remote jobs at over a dozen prominent blockchain companies. These undercover operatives were hired by firms including Injective, ZeroLend, Fantom, Sushi, Yearn Finance, and Cosmos Hub—many of which unknowingly employed workers from North Korea (DPRK), violating U.S. and U.N. sanctions.
North Korean IT workers used fake IDs and falsified documents to pass interviews and background checks. Many of these workers were hired for remote roles, often using anonymous methods, which made it easier for them to blend in. They successfully masked their origins, presenting real work histories and GitHub contributions.
Zaki Manian, a blockchain developer, revealed that more than 50% of incoming resumes in the crypto industry may come from DPRK workers. CoinDesk identified over a dozen companies that had unwittingly hired North Korean developers since 2018. Many of these companies, like Cosmos Hub, have publicly acknowledged the issue for the first time through this investigation.
Hiring North Korean workers is illegal under U.N. and U.S. sanctions, but many companies fell victim to elaborate identity fraud. Worse, CoinDesk found links between DPRK IT workers and hacking incidents. For example, Sushi, a decentralized finance (DeFi) protocol, lost $3 million in a 2021 hack linked to these workers.
These IT workers send their earnings back to Pyongyang to support the regime’s nuclear weapons program, with as much as $600 million annually funneled to the regime. The funds were traced back to DPRK government-linked blockchain addresses, according to U.S. authorities and blockchain payment records.
Crazy story, right?
Follow @Professor Mende - Bonuz Ecosystem Founder for more content!
#northkorea #CryptomarketNews #crypto #bitcoin #btc
North Korea’s $600M Heist Raises Global Security Alarms.
Hey crypto enthusiasts, Durgesh here, and I’ve got some wild news to drop on you. Hold onto your private keys because North Korea has been having a crypto party, and it’s not the kind you’d want an invite to! 🎉💰
So, according to the hot gossips from TRM Labs, our friends from the Democratic People’s Republic of Korea (DPRK) managed to snag a whopping $600 million in crypto thefts last year. Talk about stealing the show! 🕵️♂️💼
But hey, don’t be too alarmed; it’s about 30% less than their 2022 shenanigans. It seems like even hackers have a budget to stick to. I mean, who knew? Maybe they’re getting some financial advice from somewhere. 💸📉
Now, these North Korean hackers are not your average hoodie-wearing, basement-dwelling types. No, sir! They’re on a different level — they’re not after the lambo dreams or beach vacations. Nope, it’s all about weapons of mass destruction. Yeah, you read that right! 🚀🌎
According to Ari Redbord from TRM Labs, these guys are like the James Bonds of the hacking world, except instead of saving the world, they’re causing national security concerns. Picture this: a high-stakes poker game where the buy-in is $600 million, and the prize is, well, something that goes ‘boom.’ 💣💰
But let’s not forget the crypto drama that led to this moment. It all started with the Ronin Bridge exploit — a heist so big it changed the game. The U.S. Treasury even got involved, slapping sanctions on addresses like they were dealing cards at a blackjack table. 🃏💼
Now, I know what you’re thinking: “Durgesh, how did they manage to pull off these heists?” Well, my friends, it’s the classic move — social engineering. It’s not just for stealing your Netflix password; apparently, it’s the VIP pass to the crypto world too. Note to self: update those privacy settings! 🤔🔐
In 2023, these cyber maestros really kicked it up a notch, attacking the crypto world at “unprecedented speed and scale.” It’s like they’re the Usain Bolt of hacking, but instead of medals, they’re collecting Bitcoin. 🏃♂️💻
Now, here’s the plot twist: the stolen funds are allegedly funding weapons proliferation. Forget robbing banks; these guys are robbing crypto to build missiles. It’s like Ocean’s Eleven meets a sci-fi thriller — only this time, it’s not a movie; it’s our crypto wallets on the line. 😱💼
So, what’s the takeaway from this crypto blockbuster? Well, for one, keep your passwords strong and your private keys private. And maybe, just maybe, the next big Hollywood heist movie will feature hackers with a penchant for nukes. 🍿🔒
Stay secure, crypto pals! Until next time, this is Durgesh signing off.
#hackers #northkorea
So, according to the hot gossips from TRM Labs, our friends from the Democratic People’s Republic of Korea (DPRK) managed to snag a whopping $600 million in crypto thefts last year. Talk about stealing the show! 🕵️♂️💼
But hey, don’t be too alarmed; it’s about 30% less than their 2022 shenanigans. It seems like even hackers have a budget to stick to. I mean, who knew? Maybe they’re getting some financial advice from somewhere. 💸📉
Now, these North Korean hackers are not your average hoodie-wearing, basement-dwelling types. No, sir! They’re on a different level — they’re not after the lambo dreams or beach vacations. Nope, it’s all about weapons of mass destruction. Yeah, you read that right! 🚀🌎
According to Ari Redbord from TRM Labs, these guys are like the James Bonds of the hacking world, except instead of saving the world, they’re causing national security concerns. Picture this: a high-stakes poker game where the buy-in is $600 million, and the prize is, well, something that goes ‘boom.’ 💣💰
But let’s not forget the crypto drama that led to this moment. It all started with the Ronin Bridge exploit — a heist so big it changed the game. The U.S. Treasury even got involved, slapping sanctions on addresses like they were dealing cards at a blackjack table. 🃏💼
Now, I know what you’re thinking: “Durgesh, how did they manage to pull off these heists?” Well, my friends, it’s the classic move — social engineering. It’s not just for stealing your Netflix password; apparently, it’s the VIP pass to the crypto world too. Note to self: update those privacy settings! 🤔🔐
In 2023, these cyber maestros really kicked it up a notch, attacking the crypto world at “unprecedented speed and scale.” It’s like they’re the Usain Bolt of hacking, but instead of medals, they’re collecting Bitcoin. 🏃♂️💻
Now, here’s the plot twist: the stolen funds are allegedly funding weapons proliferation. Forget robbing banks; these guys are robbing crypto to build missiles. It’s like Ocean’s Eleven meets a sci-fi thriller — only this time, it’s not a movie; it’s our crypto wallets on the line. 😱💼
So, what’s the takeaway from this crypto blockbuster? Well, for one, keep your passwords strong and your private keys private. And maybe, just maybe, the next big Hollywood heist movie will feature hackers with a penchant for nukes. 🍿🔒
Stay secure, crypto pals! Until next time, this is Durgesh signing off.
#hackers #northkorea
US, South Korea, Japan Unite Against North Korea's Crypto Threats. 🇰🇵 × 🇺🇸🇰🇷🇯🇵
National security leaders from the United States, South Korea, and Japan recently gathered in Seoul to confront the escalating concern of North Korea's involvement in crypto thefts and the potential financing of weapons of mass destruction (WMD) programs.
Prominent figures including Jake Sullivan, Cho Tae Yong, and Takeo Akiba actively participated in the discussions, emphasizing the urgency of a united front against emerging threats.
Trilateral Initiatives Unveiled:
1. Regional Crisis Management:
Focused efforts on addressing regional crises and countering North Korea's persistent weapons programs.
2. Defense Collaboration:
Defense data will be mutually shared to strengthen regional security and preparedness.
3. Combating WMD Funding via Cryptocurrency:
A joint commitment to thwart North Korea's exploitation of cryptocurrency for financing illegal WMD activities.
Crypto Activities in the Spotlight:
The White House stressed the collaborative significance in addressing North Korea's crypto-related activities, spotlighting the Lazarus Group's alleged involvement in stealing over $600 million from Axie Infinity's Ronin Bridge.
OFAC's Decisive Actions:
The US Department of the Treasury's Office of Foreign Assets Control (OFAC) took swift measures against North Korean hackers linked to crypto crimes, imposing sanctions on numerous mixers believed to facilitate fund laundering.
Global Measures and Sanctions:
Various wallet addresses and individuals were included in the global financial system's ban, responding to allegations of supporting North Korea's weapons program fundraising efforts.
Attention to Privacy Tools and Developers:
TornadoCash, a privacy tool, and its developers faced scrutiny for their alleged involvement in over $100 million of stolen crypto through mixing services.
#northkorea #Japan #usa #SouthKorea #cryptocurreny
National security leaders from the United States, South Korea, and Japan recently gathered in Seoul to confront the escalating concern of North Korea's involvement in crypto thefts and the potential financing of weapons of mass destruction (WMD) programs.
Prominent figures including Jake Sullivan, Cho Tae Yong, and Takeo Akiba actively participated in the discussions, emphasizing the urgency of a united front against emerging threats.
Trilateral Initiatives Unveiled:
1. Regional Crisis Management:
Focused efforts on addressing regional crises and countering North Korea's persistent weapons programs.
2. Defense Collaboration:
Defense data will be mutually shared to strengthen regional security and preparedness.
3. Combating WMD Funding via Cryptocurrency:
A joint commitment to thwart North Korea's exploitation of cryptocurrency for financing illegal WMD activities.
Crypto Activities in the Spotlight:
The White House stressed the collaborative significance in addressing North Korea's crypto-related activities, spotlighting the Lazarus Group's alleged involvement in stealing over $600 million from Axie Infinity's Ronin Bridge.
OFAC's Decisive Actions:
The US Department of the Treasury's Office of Foreign Assets Control (OFAC) took swift measures against North Korean hackers linked to crypto crimes, imposing sanctions on numerous mixers believed to facilitate fund laundering.
Global Measures and Sanctions:
Various wallet addresses and individuals were included in the global financial system's ban, responding to allegations of supporting North Korea's weapons program fundraising efforts.
Attention to Privacy Tools and Developers:
TornadoCash, a privacy tool, and its developers faced scrutiny for their alleged involvement in over $100 million of stolen crypto through mixing services.
#northkorea #Japan #usa #SouthKorea #cryptocurreny
**Title: Betrayal's Echo**
In the heart of New York, Mia and Nia ventured into the trading world, dreams ablaze. Nia, trusting and hopeful, fell prey to the deceptive allure of a fraudulent trader, leaving her dreams shattered. Mia, witnessing her friend's downfall, felt a surge of anguish and determination. With each loss, Nia's spirit crumbled, tears staining her once bright eyes. Mia, haunted by the echoes of betrayal, vowed to unveil the truth and restore Nia's faith. Through relentless pursuit, Mia uncovered the deceit, but the scars of betrayal ran deep. Yet, in the depths of despair, their friendship emerged unscathed, a beacon of hope amidst the darkness. Together, they rose from the ashes, stronger and wiser, their bond forged by the fires of adversity.#SouthAfrica #SouthKorea #northkorea #runeto60 #American
In the heart of New York, Mia and Nia ventured into the trading world, dreams ablaze. Nia, trusting and hopeful, fell prey to the deceptive allure of a fraudulent trader, leaving her dreams shattered. Mia, witnessing her friend's downfall, felt a surge of anguish and determination. With each loss, Nia's spirit crumbled, tears staining her once bright eyes. Mia, haunted by the echoes of betrayal, vowed to unveil the truth and restore Nia's faith. Through relentless pursuit, Mia uncovered the deceit, but the scars of betrayal ran deep. Yet, in the depths of despair, their friendship emerged unscathed, a beacon of hope amidst the darkness. Together, they rose from the ashes, stronger and wiser, their bond forged by the fires of adversity.#SouthAfrica #SouthKorea #northkorea #runeto60 #American
"Assalamualaikum my dear brothers. Look, I never copy and paste posts. I write to guide you all, but sometimes my hands get tired from writing, and some people leave negative comments, which hurts my feelings. If you don't believe me, send your number in the comments, and I'll video call you to prove it. #SouthKorea #northkorea #Russia #America #Germany
Navigating North Korea's Crypto Hacking Surge in 2023.🇰🇵🏴☠️
In 2023, the cyber landscape witnessed a formidable rise in threats emanating from North Korea-linked hackers. Despite a surge in attacks, there was a notable decrease in stolen funds, dropping to $1.7 billion from the previous year's $3.7 billion, primarily attributed to a reduction in DeFi platform breaches.
▪️Changing Tides of Crypto Hacking:
The year saw a rise in cyber incursions from 219 to 231. However, the total loot diminished to $1.7 billion, signaling a downturn in DeFi platform breaches. Notably, DeFi platforms experienced a 63.7% reduction in the total value pilfered. Major heists, including Euler Finance and Curve Finance, suffered losses of $197 million and $73.5 million, respectively.
▪️Attack Vectors:
North Korean hackers utilized on-chain vulnerabilities, exploiting smart contract loopholes, and employed off-chain tactics involving compromised private keys.
▪️North Korea’s Crypto Ambitions:
North Korea executed a record-breaking spree of 20 hacks in 2023, strategically shifting towards more frequent but less conspicuous operations. Diversification of targets included centralized services, exchanges, and wallet providers. The Atomic Wallet exploit resulted in a $129 million setback, showcasing the sophistication of state-sponsored hackers.
▪️Road Ahead in Crypto Security:
With mixed insights from 2023— a decline in DeFi hacks but an uptick in incidents— emphasis on improving the sector's security posture is paramount. The perpetual arms race between security professionals and cybercriminals continues. Critical measures include enhancing smart contract audits, fortifying private key management, and implementing proactive monitoring and rapid response mechanisms.
#northkorea #NorthKoreaHackers #HackerAlert #hack #hackers
In 2023, the cyber landscape witnessed a formidable rise in threats emanating from North Korea-linked hackers. Despite a surge in attacks, there was a notable decrease in stolen funds, dropping to $1.7 billion from the previous year's $3.7 billion, primarily attributed to a reduction in DeFi platform breaches.
▪️Changing Tides of Crypto Hacking:
The year saw a rise in cyber incursions from 219 to 231. However, the total loot diminished to $1.7 billion, signaling a downturn in DeFi platform breaches. Notably, DeFi platforms experienced a 63.7% reduction in the total value pilfered. Major heists, including Euler Finance and Curve Finance, suffered losses of $197 million and $73.5 million, respectively.
▪️Attack Vectors:
North Korean hackers utilized on-chain vulnerabilities, exploiting smart contract loopholes, and employed off-chain tactics involving compromised private keys.
▪️North Korea’s Crypto Ambitions:
North Korea executed a record-breaking spree of 20 hacks in 2023, strategically shifting towards more frequent but less conspicuous operations. Diversification of targets included centralized services, exchanges, and wallet providers. The Atomic Wallet exploit resulted in a $129 million setback, showcasing the sophistication of state-sponsored hackers.
▪️Road Ahead in Crypto Security:
With mixed insights from 2023— a decline in DeFi hacks but an uptick in incidents— emphasis on improving the sector's security posture is paramount. The perpetual arms race between security professionals and cybercriminals continues. Critical measures include enhancing smart contract audits, fortifying private key management, and implementing proactive monitoring and rapid response mechanisms.
#northkorea #NorthKoreaHackers #HackerAlert #hack #hackers