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U.S. Treasury Poised to Release View on How DeFi Used in Illicit Finance
14.3.2023
The U.S. Treasury Department is close to releasing a risk assessment analyzing criminal use of decentralized finance (DeFi), according to Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg
Seoul: Sanctions May Be Ineffective Against North Korea’s Crypto Hacks
14.3.2023
North Korea’s crypto hacking campaign may be impervious to international sanctions, a South Korean government official has claimed.
According to the media outlet Yonhap TV News, an unnamed Seoul-based government official stated:
“The scale of North Korea’s cybercrime-related activities suggests...
Moscow Authorities Detain British National Accused of Aiding North Korea in Crypto Sanction Evasion
23.2.2023
A British citizen who is wanted by the FBI for allegedly assisting the North Korean government to evade U.S. sanctions via crypto is in the custody of Russian authorities.
Christopher Emms, a 31-year-old who has a red notice from Interpol for consulting North Korea on cryptocurrencies, has been...
Briton Wanted by US for Advising North Korea on Crypto Arrested in Russia
23.2.2023
A British national wanted with a red notice from Interpol for consulting North Korea on cryptocurrencies has been detained in Moscow. U.S. authorities allege that the man helped the regime in Pyongyang to bypass sanctions using digital assets. U.K. Citizen Sought by U.S. for Violating North Korea...
Brit who consulted North Korea on crypto reportedly detained in Moscow
21.2.2023
Earlier, Christopher Emms was released by Saudi authorities due to the lack of evidence against him
Binance and Huobi Freeze $1.4 Million in Crypto Linked to North Korea
17.2.2023
Crypto exchanges Binance and Huobi have frozen cryptocurrencies worth approximately $1.4 million linked to North Korea, according to blockchain analytics firm Elliptic. The firm noted that the stolen funds, which were dormant until recently, originated from the June 2022 hack of Harmony’s...
Binance, Huobi Freeze $1.4m Worth of Crypto in ‘North Korea-linked’ Wallets
16.2.2023
The crypto exchanges Binance and Huobi have frozen “North Korea-linked” wallets containing “approximately $1.4 million in cryptoassets.”
Per a blog post from the blockchain analytics firm Elliptic and a report from MBC, the coins “originated from the June 2022 hack of Harmony’s Horizon Bridge.”...
Norwegian Authorities Seize $5.9M From Crypto Game Axie Infinity Hack
16.2.2023
The National Authority for Investigation and Prosecution of Economic and Environmental Crime – known in Norwegian as Økokrim – said it is the biggest crypto seizure ever made by the country's police
Binance and Huobi Freeze $1.4M in Crypto Tied to Harmony Bridge Theft
15.2.2023
Tracing firm Elliptic said it followed the money through Tornado Cash
North Korea’s Lazarus ‘Using New Coin Mixer to Launder Crypto’ – and It’s a ‘Blender Re-brand’
14.2.2023
The North Korean hacking group Lazarus has turned to a new crypto mixer named Sinbad, the blockchain analytics firm Elliptic has claimed.
Per an Elliptic post and a report from Yonhap, Larazrus is “affiliated with North Korea's Reconnaissance General Administration.” The United States and South...
Crypto mixer Blender has been rebranded to Sinbad, says Elliptic
13.2.2023
Elliptic's analysis of wallets tied to a suspected Blender operator showed $22 million going to Sinbad as well as similar "characteristics of transactions" between the mixers
New North Korean Ransomware Threat to ‘Major Institutions’ Detected, Say South Korea, US
13.2.2023
South Korean and United States intelligence agencies have warned that Pyongyang-based hackers are trying to hit “major international institutions” with ransomware attacks. But experts say that “overlapping sanctions” could help Seoul and Washington thwart North Korean cyber thieves....
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Seoul Sanctions North Korea Over Crypto Theft
12.2.2023
South Korea has imposed sanctions on the North in relation to a number of cyberattacks often resulting in the theft of cryptocurrency. The authorities in Seoul say the regime in Pyongyang is using the digital assets to fund its nuclear and missile development projects. South Korea Hits North Korean...
South Korea sets independent sanctions for crypto theft against North Korea
10.2.2023
The sanctions against several well-known individuals and hacking groups came just hours after S. Korea announced a joint cyber venture with U.S. intelligence agencies against ransomware threats
North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils
8.2.2023
The regime in North Korea has managed to steal more cryptocurrency last year than in previous years, according to a draft U.N. report. Despite the difference between quoted estimates, the authors conclude that 2022 was a record-breaking year for crypto theft, to be blamed on the hermit state....
North Korea Crypto Theft Hit Record High Last Year, UN Says: Reuters
7.2.2023
The estimated value of stolen crypto asset ranges from $630 million to more than $1 billion
North Korea stole more crypto in 2022 than any other year: UN report
7.2.2023
A report submitted to the United Nations found North Korean cyber attacks have become vastly more sophisticated and raked in more crypto than ever before
FBI Faults North Korean Government For $100M Crypto Heist
6.2.2023
The Federal Bureau of Investigation (FBI) has blamed a cyber-attack group backed by the government of North Korea for its role in a $100m crypto heist reported on 24 June 2022. The funds mainly in Ethereum (ETH) were stolen from Harmony's Horizon bridge....
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Hackers Stole $3.8 Billion From Crypto Firms in 2022, Says Chainalysis
4.2.2023
Blockchain analytics firm Chainalysis says 2022 was “the biggest year ever for crypto hacking,” with $3.8 billion stolen from cryptocurrency businesses. The firm added that decentralized finance (defi) protocol hacks accounted for 82.1% of all cryptocurrency stolen by hackers during...
DeFi enjoys a prolific start to 2023: Finance Redefined
3.2.2023
DeFi marks a perfect entry into 2023 with a bullish January and TVL nearing $50 billion