The FBI is warning cryptocurrency companies to be on the lookout for North Korean cyber thieves cashing out stolen bitcoin valued in the tens of millions of dollars.
North Korean hackers use cybertheft to circumvent sanctions and fund their regime, with the White House estimating that half of North Korea’s missile program is funded via cryptocurrency heists and cyberattacks.
“Over the last 24 hours, the FBI tracked cryptocurrency stolen by the Democratic People’s Republic of Korea TraderTraitor-affiliated actors ,” the FBI said in the warning. “The FBI believes the DPRK may attempt to cash out the bitcoin worth more than $40 million.” The Biden administration is aware of North Korea’s growing cyber theft operations. Top White House cyber official Anne Neuberger said in May that North Korea’s cyber operations were eating up a “lot of time and thought” in the administration.
North Korea’s digital operations aren’t limited to cyber heists of cryptocurrency holders. For example, North Korean hackers targeted high-level current and former U.S. intelligence officials, media executives and national security scholars as part of a cyber campaign to breach computer networks, reported by The Washington Times in June.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FBI warns North Korean hackers poised to cash out more than $40 million in bitcoinThe Federal Bureau of Investigation today warned crypto operators that entities tied to North Korea are poised to sell more than $40 million worth of bitcoin.
Read more »
FBI Says North Korean Hackers May Try to Sell $40M of BitcoinThe FBI released six wallets linked to North Korean hackers Lazarus Group and APT38.
Read more »
North Korean hackers to cash out $40 million in stolen crypto: FBINorth Korean hackers may attempt to cash out more than $40 million worth of bitcoin, the latest crypto-related crime effort connected to the country.
Read more »
Sam Bankman-Fried's Defense Strategy; FBI's North Korean Crypto Hacker Warning'The Hash' panel covers the biggest crypto news today, including Sam Bankman-Fried plans to argue in his defense he was acting in 'good faith' and following the advice of lawyers. The FBI says North Korean hackers may attempt to cash out stolen bitcoin (BTC) worth more than $40 million. And, a closer look at the lessons learned from the Curve crisis.
Read more »
FBI flags 6 Bitcoin wallets linked to North Korea, urges vigilance in crypto firms2022 saw some of the biggest decentralized finance (DeFi) exploits and the Lazarus group was the mastermind behind Harmony’s Horizon bridge and Sky Mavis’ $625 million hack on Ethereum-linked sidechain Ronin Bridge last year.
Read more »