02 Feb 2023

N Korea says US drills pushing situation to ‘extreme red-line’

North Korea has criticized both South Korea and the United States over their joint military exercises. North Korea has stated the drills have pushed the situation on the peninsula to a red line and have threatened the region into a more critical war zone. The statement was issued on Thursday

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01 Feb 2023

Crypto hacks stole record $3.8 billion in 2022, led by North Korea groups – report

Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North Korea who netted more than ever before, a U.S.-based blockchain analytics firm said in a report on Wednesday. The report by Chainalysis found hacking activity that “ebbed

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31 Jan 2023

Lazarus attempt to launder additional $27.2M of funds stolen from Harmony bridge hack

On-chain analysis shows that North Korean hackers responsible for Harmony’s Horizon bridge hack spent the weekend attempting to move some of the illicit funds. Using Railgun, a smart contract system that initiates what is known as “Zero Knowledge Proof,” the hackers attempted to move the illicit funds through six different

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26 Jan 2023

Government Sanctioned Cybercrime – What is the Lazarus Group?

Cybercrime is a menace. Estimates suggest that the combined harm cybercrime could inflict on systems worldwide was as high as US$6 trillion in 2021. And if the number already appears frightening, it is expected to hit US$10.5 trillion by 2025. In 2015, it was US$3 trillion. A growth of more

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25 Jan 2023

North Korean threat actor targets cryptocurrency with new methodologies

A new report from Proofpoint Inc. today details a revamped state-sponsored North Korean threat actor that has been actively targeting cryptocurrency holders and exchanges using new methodologies. Dubbed TA444, the group has been active since at least 2017 and in 2022 turned its attention to cryptocurrency. It has overlaps with public

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24 Jan 2023

FBI blames North Korea for $100 million crypto heist

The FBI on Monday evening blamed North Korean government-linked hackers for stealing $100 million in cryptocurrency last June from a California-based firm. The North Korean operatives this month laundered over $60 million of the money stolen in the June hack, according to the FBI statement. The bureau said “a portion” of

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24 Jan 2023

FBI Confirms North Korean Hackers Behind $100 Million Horizon Bridge Heist

The FBI has announced that it confirmed a link between North Korean hackers and the $100 million Horizon Bridge Heist that occurred in June 2022. Horizon bridge is a platform designed to enable cryptocurrency holders to transfer assets between networks such as the Ethereum Network, Binance Chain, Bitcoin, and Harmony’s

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16 Jan 2023

Lazarus Group Moves 41,000 Ethereum Nabbed From Harmony Bridge Hack

North Korea-linked cybercrime syndicate Lazarus Group has reportedly transferred $63.4 million in Ethereum from 2022’s mammoth Harmony bridge hack, depositing it on Binance, Huobi, and OKX. According to on-chain sleuth ZachXBT, the group used the privacy and anonymity system Railgun before consolidating the funds and depositing them on the exchanges.

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13 Jan 2023

North Korea’s Cryptocurrency Craze and its Impact on U.S. Policy

In 2022 alone, North Korea, or the Democratic People’s Republic of Korea (DPRK), has reportedly stolen over $1 billion in cryptocurrency from organizations in the cryptocurrency sector via one of its primary hacking outfits—Lazarus Group. This is up from $400 million in 2021, and these heists account for a third

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12 Jan 2023

Report: Illicit cryptocurrency activity reached all-time high in 2022

Illicit cryptocurrency activity reached an all-time high of $20.1 billion in 2022, increasing from $18 billion the previous year in large part due to escalating U.S. sanctions targeting digital currencies, according to a report released Thursday by researchers at Chainalysis. Last year saw the U.S. government more aggressively sanction cryptocurrency-related entities

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