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How about this revision: Treasury Implements Measures to Combat North Korean Sanctions Evasion via Cryptocurrency Laundering
The Office of Foreign Assets Control (OFAC) has recently taken significant steps to target and disrupt illicit activities linked to North Korea by sanctioning agents facilitating such activities. These sanctions underscore the United States government’s commitment to combatting the North Korean regime’s ongoing disregard for international norms and regulations. The actions by OFAC reflect a…
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In 2024, North Korean Cybercriminals Looted Crypto Valued at Over $1.3B
In recent years, North Korea’s state-sponsored hackers have demonstrated a concerning escalation in their cybercrime activities, particularly in the realm of cryptocurrency theft. The year 2024 witnessed a significant surge in these illicit actions, with reports indicating that North Korean hackers managed to abscond with an astounding $1.34 billion worth of various cryptocurrencies. This sum…
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North Korean Hackers’ Cryptocurrency Theft Declines by 30%, Amounting to $600M in 2023
According to blockchain analytical firm TRM Labs, it has been reported that North Korea-affiliated attackers managed to steal approximately $600 million worth of cryptocurrencies in the year 2023. However, if the recent hack of Orbit Chain on December 31 is deemed as well, the total stolen amount could potentially escalate to as much as $700…
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Lazarus Group from North Korea Intensifies Cryptocurrency Attacks with Telegram Phishing
North Korea-backed hackers Lazarus Group are increasingly targeting the cryptocurrency community through widespread phishing operations on the popular messaging application Telegram, according to a Dec. 6 update from blockchain security firm SlowMist. The group’s new modus operandi involves impersonating reputable venture capital investment figures from Archax, HashKey, and Gumi Cryptos to lure crypto teams with…