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north korea

Tech

Analytics Firm Elliptic Says RenBridge Was Used to Help Launder $540M of Illicit Crypto Funds

Around a third of the sum laundered with the help of the cross-chain bridge is believed to be proceeds from ransomware attacks by North Korean hackers, according to Elliptic.

By Sandali Handagama

Aug 10, 2022 at 12:41 p.m. UTC

Aug 10, 2022

HackEllipticNorth KoreaCross-Chain

Policy

Regulations

US Secretary of State Tweets, Deletes Claim That Crypto Mixer Tornado Cash Is North Korea-Sponsored

One hour and three minutes later, Anthony Blinken tweeted what the Treasury Department actually alleges: Tornado Cash was only used by a DPRK-sponsored group.

By Nikhilesh De

Aug 8, 2022 at 5:16 p.m. UTC

Aug 8, 2022

RegulationsSanctionsTornado CashTreasury DepartmentUSNorth Korea

Policy

Sanctions

US Government Amps Up Inevitable Clash With Crypto Privacy in Tornado Cash Blacklisting

The Treasury Department says Tornado Cash abetted laundering of $7 billion, but that’s not likely to quiet crypto enthusiasts as they fight to stay anonymous.

By Nick Baker Nikhilesh De Jesse Hamilton

Aug 8, 2022 at 5:13 p.m. UTC

Aug 8, 2022

SanctionsNorth KoreaTornado CashTreasury DepartmentEthereumUS

Policy

Treasury department

Crypto-Mixing Service Tornado Cash Blacklisted by US Treasury

The department barred its use by U.S. persons as a matter of national security because North Korean hackers allegedly use the mixer to launder stolen crypto funds.

By Nikhilesh De

Aug 8, 2022 at 2:13 p.m. UTC

Aug 8, 2022

Treasury DepartmentSanctionsMixersTornado CashUSOFACNorth Korea

Business

North korea

North Korea's Lazarus Hackers Blamed in deBridge Finance Cyberattack

Company co-founder Alex Smirnov warns all Web3 teams that the campaign is likely widespread.

By Stephen Alpher

Aug 5, 2022 at 6:27 p.m. UTC

Aug 5, 2022

North KoreaCyber AttackHack

Policy

North korea

US Justice Department Seizes $500K in Ransom Payments and Crypto From North Korean Hackers

Deputy Attorney General Lisa Monaco said the FBI has identified a new type of ransomware used by the state-sponsored hackers.

By Elizabeth Napolitano

Jul 19, 2022 at 3:36 p.m. UTC

Jul 19, 2022

North KoreaRansomwareFBIUS

Tech

Attack

Harmony Horizon Exploit Linked to North Korea, $10M Bounty Offered

The blockchain's develops now have a "global manhunt" to track down the attackers.

By Shaurya Malwa

Jun 30, 2022 at 10:15 a.m. UTC

Jun 30, 2022

AttackHackNorth KoreaElliptic

Business

North korea

North Korean Hacking Group Behind $100M Horizon Bridge Hack: Report

Blockchain analytics firm Elliptic has traced the hack back to the Lazarus Group, a state-sponsored North Korean hacking organization.

By Cheyenne Ligon

Jun 29, 2022 at 11:22 p.m. UTC

Jun 29, 2022

North KoreaHackElliptic

Policy

Regulations

US Treasury Official Warns Crypto Industry to Proactively Sanction 'Problematic' Wallets

FinCEN Associate Director Alessio Evangelista said crypto service providers shouldn't wait for the government to designate a wallet if it's being used for illicit activity.

By Danny Nelson

May 19, 2022 at 4:37 p.m. UTC

May 19, 2022

RegulationsSanctionsFinCENOFACNorth KoreaUS