In the past weeks, various groups allegedly coming from North Korea are blamed for massive cyberattacks, especially targeting the United States.
In its recent post, the Justice Department of the country identified an alarming number of crypto hackers, totaling 280 different digital assets.
“The Justice Department today filed a civil forfeiture complaint detailing two hacks of virtual currency exchanges by North Korean actors.” The ministry said.
They also added that “these actors stole millions of dollars’ worth of cryptocurrency and ultimately laundered the funds through Chinese over-the-counter (OTC) cryptocurrency traders.”
If one could remember last March 2020, a 2019 legal case came back to life wherein two Chinese nationals allegedly hijacked piles of crypto assets totaling $250 million.
Unknowingly, the ordeal appears to be connected with the present-day news, the DoJ statement said, noting North Korean parties at fault about the 2019 case.
Also, a theory explained by Brian Rabbitt, a U.S. Justice Department brass explained.said that a hacking scheme from North Korea, matched with a crypto-based money laundering ring in China, form a originated from the web of related activity, Brian Rabbitt, a U.S. Justice Department brass explained. “Despite the highly sophisticated laundering techniques used, IRS-CI’s Cybercrimes Unit was able to trace stolen funds directly back to North Korean actors positively,” Don Fort, chief of the IRS’ criminal investigatory branch, IRS-CI, explained. The statement included several other quotes from various government agencies involved in the case.
Meanwhile, an alleged hacker with North Korean affiliation ruptured a crypto exchange for $270,000 in altcoins, passing the assets through a plethora of wallets, often exchanging them for other coins and tokens, including BTC and USDT, based on a July 2019 complaint noted in the DoJ’s Aug. 27 statement.
September 2019 also yielded similar action as a North Korean character allegedly breached a crypto business in the U.S. and its partner entities.
They said that “The hacker stole nearly $2.5 million and laundered it through over 100 accounts at another virtual currency exchange,” reflected in the reports saying the two hacks combined with those from the March 2020 headline identified as the same over-the-counter players in China to hide their actions.
“The infrastructure and communication accounts used to further the intrusions and fund transfers were also tied to North Korea,” the statement concluded.
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