May 17, 2024 at 05:54AM The US government has charged, seized funds, and made arrests in an effort to disrupt a North Korean scheme involving IT workers infiltrating companies. The workers stole identities to secure jobs and diverted their earnings to fund North Korea’s nuclear program. Two individuals have been arrested, with rewards offered for … Read more
November 30, 2023 at 07:18AM Since 2017, North Korean hackers have targeted the crypto sector to bypass sanctions, stealing $3 billion in assets, significantly impacting DeFi platforms. The U.S. imposed sanctions against a mixer used by DPRK’s Lazarus Group for money laundering, which funds their WMD programs. Recorded Future suggests increased industry cybersecurity is necessary. … Read more
November 30, 2023 at 01:48AM The U.S. Treasury has sanctioned Sinbad, a crypto mixer used by North Korea’s Lazarus Group for money laundering. Sinbad has processed stolen virtual currency from major heists and is linked to various criminal activities. Blockchain analysis suggests connections between Sinbad and the also-sanctioned Blender mixer. **Clear Takeaways from Meeting Notes … Read more
October 20, 2023 at 05:03AM The U.S. government has seized 17 website domains used by North Korean IT workers who engaged in fraudulent activities, evaded sanctions, and funded the country’s ballistic missile program. The Department of Justice confiscated $1.5 million of revenue collected by these workers. The workers primarily reside in China and Russia, deceiving … Read more