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On Monday, the U.S. Treasury Department’s watchdog the Office of Foreign Asset Control (OFAC) banned the ethereum mixing application Tornado Cash. OFAC has cited that the mixer has helped North Korean hackers such as the hacking syndicate known as Lazarus Group. OFAC Sanctions Tornado Cash Mixing App OFAC has officially banned the Tornado Cash and … Read more
According to the co-founder of Debridge Finance, Alex Smirnov, the infamous North Korean hacking syndicate Lazarus Group subjected Debridge to an attempted cyberattack. Smirnov has warned Web3 teams that the campaign is likely widespread. Lazarus Group Suspected of Attacking Debridge Finance Team Members With a Malicious Group Email There’s been a great number of attacks … Read more
Deputy Attorney General Lisa Monaco said authorities relied on victims to report attacks “as soon as those crimes occur” to help recover funds. Go to Source Powered by WPeMatico
A new report suggests that a notorious North Korea-affiliated hacking group may be behind last week’s $100 million Harmony attack. Go to Source Powered by WPeMatico
While North Korea leads the world in crypto crime, crypto analytic firms have estimated that DPRK hackers have found it increasingly difficult to launder stolen crypto funds. Go to Source Powered by WPeMatico
The public advisory warned private firms to do their due diligence before hiring freelance workers, as North Koreans often use illicit tactics and stolen identities to hide their nationality. Go to Source Powered by WPeMatico
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued its first-ever sanctions on a crypto mixer. The mixing service was used by Lazarus Group to process illicit proceeds from the $620 million crypto heist of the online game Axie Infinity, said the Treasury Department. Treasury Department Sanctions Crypto Mixer The … Read more
Joe Rogan noted that Bitcoin is like the “early internet,” and the “government is freaking out” about BTC in conversation with the MMA fighter Khalil Rountree. Go to Source Powered by WPeMatico
Two EU citizens have been indicted for violating U.S. sanctions on North Korea when they jointly planned a crypto conference there. Go to Source Powered by WPeMatico
Two European citizens have been charged for conspiring with Ethereum developer Virgil Griffith to help North Korea evade U.S. sanctions using cryptocurrency, the Department of Justice (DOJ) announced. They conspired “to teach and advise members of the North Korean government on cutting-edge cryptocurrency and blockchain technology, all for the purpose of evading U.S. sanctions.” Virgil … Read more
