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North Korea Still Hacking Crypto Exchanges to Fund Its Weapons Program, Says UN
7.2.2022
Independent sanctions monitors have told the United Nations (UN) that North Korea is continuing to use crypto and raids on international crypto exchanges as a major revenue stream to fund its nuclear and ballistic weapons programs.
The monitors, Reuters reported, submitted their findings to...
Cryptocurrency Theft Remains Key Revenue Source for North Korea, UN Report Says
6.2.2022
Cyberattacks on cryptocurrency exchanges have been a major source of funds for North Korea in the past year, a United Nations report has unveiled. According to the document, the sanctioned nation has also been developing its nuclear and missile programs. North Korea Hits Cryptocurrency Exchanges...
North Korean Hackers Stole $400 Million in Cryptocurrency Last Year — Ether Accounts for 58% of Stolen Funds
15.1.2022
North Korean hackers stole cryptocurrency worth about $400 million last year in at least seven major attacks on crypto platforms. “Only 20% of the stolen funds were bitcoin … And for the first time ever, ether accounted for a majority of the funds stolen at 58%,” said...
North Korea Views its USD 1.7B Crypto Hack Hauls as a ‘Long-term Investment’
27.12.2021
North Korea “has hacked USD 1.7 billion worth of crypto from exchanges,” reports have claimed -and experts say that Pyongyang is going long on its haul of tokens, rather than immediately swapping them for cash....
Read More: North Korea Views its USD 1.7B Crypto Hack Hauls as a ‘Long-term...
Crypto's impact on sanctions: Are regulators' concerns justified?
30.11.2021
Cryptocurrencies, including CBDC’s, have now become a part of the narrative on sanctions due to high adoption
ETH developer pleads guilty for conspiracy to violate sanctions laws
27.9.2021
The plea deal ends a nearly two-year legal battle between Griffith and U.S. prosecutors tied to a presentation the developer gave in Pyongyang
Former Ethereum Dev Virgil Griffith Pleads Guilty to North Korea Charge, Enters Plea Deal for 6.5 Years: Report
27.9.2021
On September 27, 2021, at the Southern District of New York courthouse, the trial against former Ethereum developer Virgil Griffith started at 9:30 a.m. (EST). Griffith was facing 20 years behind bars for discussing blockchain technology in North Korea. Around 10:30 a.m., Griffith pleaded guilty...
Financial Warfare: Afghan Central Bank’s $10B Confiscated by US, Biden Halts USD Shipments to Afghanistan
18.8.2021
The war in Afghanistan has been an extremely long conflict since the United States invaded the country in 2001, in order to drive the Taliban from power. After a messy exit, the U.S. occupation in Afghanistan has been compared to mistakes made during the Vietnam War. Now that U.S. forces have left...
Former Ethereum Developer Virgil Griffith Arrested for Signing Into His Coinbase Account: Report
21.7.2021
According to reports stemming from investigative journalist Matthew Russell Lee, from Inner City Press, former Ethereum developer Virgil Griffith has violated the terms of his bail and has been taken into custody. According to the reports, the U.S. Attorney’s Office revoked Griffith’s...
ETH developer Virgil Griffith back in jail after allegedly checking Coinbase account
21.7.2021
Griffith will likely spend the next two months in jail before his trial in September
North Korean Hackers Threatened Bithumb Exchange With a $16M Ransom Amid the 2017 Data Breach, Says Report
7.4.2021
A new report commissioned by the U.S. secret services unveiled what happened behind the attack launched by North Korean hackers against a South Korean crypto exchange. The case is about a breach on June 29, 2017, which exposed data tied to over 30,000 customers stemming from Bithumb. Hackers...
US Government Expands Charges Against North Korean Hackers- Authorities Describe Them as The ‘World’s Leading Bank Robbers’
19.2.2021
The U.S. Department of Justice (DOJ) unsealed new charges against the North Korean state-sponsored Lazarus Group. The hackers are allegedly responsible for stealing over $1.3 billion in cryptocurrencies and fiat during coordinated cyber-heists. North Korean Hackers Also Developed and Deployed...
US charges three North Korean hackers over crypto attacks and WannaCry ransomware
17.2.2021
The Department of Justice has indicted three hackers affiliated with the infamous Lazarus Group
DOJ Charges 3 North Korean Hackers With Stealing $100M+ From Crypto Firms
17.2.2021
The hackers allegedly stole over $1.3 billion overall through various schemes
Law Decoded: Of ICBMs, BTC and ETFs, Feb. 5–12
12.2.2021
Exploring where national security meets securities offerings in this week's crypto news
UN Report: North Korea Stockpiles $316 Million in Cryptocurrencies From Cyberattacks
10.2.2021
A panel of experts at the United Nations says that North Korea has amassed $316 million in cryptocurrencies from various cyberattacks on crypto exchanges and financial institutions. The panel also investigated North Korea’s involvement in the $281 million hack of a crypto exchange. UN Expert...
UN Says North Korea Funded Nuclear Weapons With Crypto Hacks in 2020: Report
9.2.2021
U.N. experts estimate that over $316 million in crypto was stolen by North Korea-linked hackers last year
Federal Court Rejects Motion Filed by Crypto Developer Virgil Griffith to Dismiss Charges on Aiding North Korea
30.1.2021
A U.S. federal judge has rejected a motion filed by a former Ethereum Foundation developer over allegations of assisting North Korea to bypass sanctions. Prosecutors claim, Virgil Griffith, aided the regime by providing critical information on cryptocurrencies. Prosecutors Say Griffith’s...
Ethereum dev must face jury for allegedly helping North Korea evade sanctions
29.1.2021
Virgil Griffith, a crypto developer accused of helping North Korea evade sanctions through speaking at a Pyongyang crypto conference in 2019, must now face a jury
Ethereum Developer Virgil Griffith Will Likely Face Trial Next September
23.12.2020
Ethereum developer Virgil Griffith is likely headed to trial on charges of violating international sanctions, after a Tuesday hearing where a federal judge clarified what's being argued