25 Nov 2022

North Korea’s crypto-heists show vulnerabilities in Western security: experts

North Korea’s tireless cryptocurrency theft operations have highlighted vulnerabilities in the U.S. security ecosystem, raising questions of safety in the face of more effective cyberthreats from Russia and China. “They’ve gotten into U.S. government websites,” Bruce Klingner, senior research fellow for northeast Asia at the Heritage Foundation, told Fox News

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14 Nov 2022

How North Korea became a mastermind of crypto cyber crime

Created by a Vietnamese gaming studio, Axie Infinity offers players the chance to breed, trade and fight Pokémon-like cartoon monsters to earn cryptocurrencies including the game’s own “Smooth Love Potion” digital token. At one stage, it had more than a million active players. But earlier this year, the network of

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09 Nov 2022

US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program

The United States Treasury Department’s Office of Foreign Asset Control, or OFAC, has amended the sanctions on cryptocurrency mixer Tornado Cash in addition to including two individuals involved in “transportation and procurement activities” for North Korea in its list of specially designated nationals. In a Nov. 8 announcement, the Department of

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09 Nov 2022

South Korean Academic: We Must Block North from Hacking Crypto

A South Korean academic has claimed that Seoul must take steps to stop Pyongyang from hacking crypto targets south of the demilitarized zone – as tensions escalate between North Korea and its southern neighbor. Reports from both South Korea and Japan have repeatedly stated that Pyongyang-based groups like Lazarus have been

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17 Oct 2022

North Korean Hacker Group Lazarus Targets Japanese Crypto Firms

The infamous North Korean hacker group Lazarus has attacked several Japanese crypto funds through phishing and social engineering, according to a joint statement by local police and the Financial Services Agency of Japan. A report by Japan News adds that some companies have had their internal systems hacked and some

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12 Oct 2022

DPRK hackers sneak US$52 mln in crypto into S.Korean exchanges: Chainalysis

Hackers from North Korea have sent around US$52.46 million worth of cryptocurrencies to digital asset exchanges in South Korea since 2019 in an effort to evade sanctions or to launder the money, said Yoon Han-hong, a South Korean lawmaker, on Wednesday. Yoon, a member of the ruling People Power Party, cited

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10 Oct 2022

North Korea’s Crypto Hackers Are Paving the Road to Nuclear Armageddon

It was an astonishing interview for recruiter Elliott Garlock. While screening candidate engineers for a crypto firm in February, Garlock encountered one applicant who raised almost every conceivable red flag. The interviewee joined the Zoom interview with his camera off and had to be cajoled into turning it on. There was

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15 Sep 2022

North Korea Stolen Approximately $1B of Cryptocurrency in 2022

The most worrisome trend in crypto crime is the startling increase in funds stolen from DeFi protocols, particularly the cross-chain bridges. A significant portion of the value stolen through Defi protocols can be traced back to malicious actors with ties to North Korea. Highly skilled hacking groups such as Lazarus

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12 Sep 2022

North Korean Lazarus Group Hacked Energy Providers Worldwide

A malicious campaign conducted by the North Korean threat actor Lazarus Group targeted energy providers around the world between February and July 2022. The campaign was previously partially disclosed by Symantec and AhnLab in April and May, respectively, but Cisco Talos is now providing more details about it. Writing in an advisory

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08 Sep 2022

North Korea’s Lazarus hackers are exploiting Log4j flaw to hack US energy companies

Security researchers have linked a new cyber espionage campaign targeting U.S., Canadian and Japanese energy providers to the North Korean state-sponsored Lazarus hacking group. Threat intelligence company Cisco Talos said Thursday that it has observed Lazarus — also known as APT38 — targeting unnamed energy providers in the United States, Canada

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