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A panel of experts at the United Nations says that North Korea has amassed $316 million in cryptocurrencies from various cyberattacks on crypto exchanges and financial institutions. The panel also investigated North Korea’s involvement in the $281 million hack of a crypto exchange. UN Expert Panel Sheds Light on North Korea’s Cyberattack Activities A United … Read more
A U.S. federal judge has rejected a motion filed by a former Ethereum Foundation developer over allegations of assisting North Korea to bypass sanctions. Prosecutors claim, Virgil Griffith, aided the regime by providing critical information on cryptocurrencies. Prosecutors Say Griffith’s Speech Was About the Use of Cryptos to Circumvent Sanctions Per Law360, a jury is … Read more
Virgil Griffith, a crypto developer accused of helping North Korea evade sanctions through speaking at a Pyongyang crypto conference in 2019, must now face a jury. Go to Source Powered by WPeMatico
Government lawyers implied that citizens could legally pass along nuclear secrets to North Korea if held to the same standards as Griffith. Go to Source Powered by WPeMatico
Griffith argues that because his April 2019 conference presentation consisted of widely-available public information, he was not providing a “service” to North Korean officials Go to Source Powered by WPeMatico
Can anyone hold North Korea responsible for its attacks on the crypto industry? Go to Source Powered by WPeMatico
The techniques are sophisticated but crypto laundering cases are still relatively small. Go to Source Powered by WPeMatico
Suspected North Korean hackers on Monday moved 12 bitcoin, worth about $140,000, from one of 280 accounts the U.S. Department of Justice (DoJ) has targeted for seizure. The funds have been wired into an anonymous wallet, according to Whale Alert, a bot that tracks notable crypto transactions. “One of the inputs of this transaction has … Read more
It’s not a group of 1980s rappers, it’s North Korea’s second most notorious hacking gang. Go to Source Powered by WPeMatico
Two Chinese crypto exchanges allegedly lost millions of dollars to North Korean hackers. Go to Source Powered by WPeMatico
