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North Korean hackers turn to Russia to launder crypto

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

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Lazarus group turns to Garantex to launder stolen assets

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,

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North Korea Hackers Likely Exploit Cloud Mining to Launder Stolen Crypto, Research Shows

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,

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North Korean hackers launder $27M ETH from Harmony Bridge attack

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

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Onchain Researchers Discover $63M in Ethereum From Harmony Bridge Attack Moved, Hackers Attempt to Launder Funds on Major Exchanges – Bitcoin News

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

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Former CPA Pleads Guilty to Helping BitClub Architect Launder Funds in $722M Ponzi Scheme

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,

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