Cryptocurrency Analysis and News Portal
Blockchain analysts warn of growing cooperation between Russia-based crypto exchanges and North Korea-linked hacking groups. Democratic People’s Republic of Korea hacker groups have been actively using Russia-based exchanges to launder crypto since 2021, as strict international monitoring of North Korea’s on-chain crimes limits the country’s possibilities of an enrichment capability. According to
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Lazarus Group, known for its cybercriminal activities, has shifted its focus to Garantex, an OFAC-sanctioned exchange, to trade stolen assets for bitcoin (BTC). This move comes despite significant efforts from various stakeholders, including on-chain monitor Elliptic,
Read More
The Treasury's first analysis of illicit finance risks associated with DeFi recommends the U.S. look at enhancements to its existing anti-money laundering regime. Source
Read More
The group is "moderately sophisticated" and supports the strategic and nuclear objectives of the North Korean regime, according to Mandiant. It uses the proceeds from cybercrime to fund its operations, which target South Korean and U.S. government organizations, academics and think tanks focused on the geopolitics of the Korean peninsula,
Read More
North Korean exploiters behind the Harmony Bridge attack continue to launder the funds stolen in June 2022. According to on-chain data revealed on Jan. 28 by blockchain sleuth ZachXBT, the perpetrators moved another $27.18 million in Ethereum (ETH) over the weekend.The tokens were transferred to six different crypto exchanges, noted
Read More
On Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum, worth $63.2 million at current exchange rates. Onchain Researchers Track Stolen Ethereum From Harmony Bridge
Read More
Summary: Coinbase Director Conor Grogan spotted Ether transfers to the “FTX Accounts Drainer” with private notes on how to move the assets undetected.The hacker was advised to leverage less popular and more privacy-based crypto mixer protocols.The U.S. Justice Department launched an investigation into the matter after nearly $400 million was
Read More
Maryland woman Zenobia Walker, 65, pled guilty in January to her role in a a scheme in which she received over $300,000 from victims of romance scams and other fraud schemes, deposited the money in her personal bank accounts, exchanged it for cryptocurrency, and passed the crypto on to her
Read More
Federal officials alleged that John Khuu sold fake drugs for cryptocurrency, making over $5 million in the process. Original Source
Read More
The scheme ran from April 2014 to December 2019, when three of the BitClub leaders were arrested and charged with fraud and the sale of unregistered securities. BitClub purported to sell shares of nonexistent crypto mining pools to gullible investors, only to pay them back with money from newer investors,
Read More