North Korean Hackers Tapping Russian Crypto Exchanges To Funnel Illicit Digital Assets, According to Chainalysis - The Daily Hodl
A market intelligence firm says that hackers from North Korea are using Russian crypto exchanges known to launder money to move stolen digital assets....
- Hackers from North Korea are using Russian crypto exchanges to launder stolen digital assets.
- On-chain data reveals that hacking groups linked with North Korea are using Russian exchanges to launder funds stolen from the Harmony Protocol.
- North Korea is using increasingly sophisticated cyberattacks to fund its nuclear missile programs, with state-sponsored hacking groups targeting cryptocurrency and financial exchanges worldwide.
- $21.9 million in cryptocurrency stolen from Harmony Protocol was transferred to a Russia-based exchange known for processing illicit transactions.
- DPRK entities have been using Russian services, including this exchange, for money laundering since 2021.
- North Korean hacking groups have been less prolific in 2023 compared to last year, but the value of stolen cryptocurrency associated with DPRK groups currently exceeds $340.4 million this year.
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