North Korean hackers embezzle virtual currency worth hundreds of millions of yen with Chinese traders



It has been revealed that a North Korean hacker hacked two virtual currency exchanges and multiple companies in the United States and stole hundreds of millions of yen worth of virtual currency. Hackers are reported to have laundered money through a Chinese virtual currency trader.

United States Files Complaint to Forfeit 280 Cryptocurrency Accounts Tied to Hacks of Two Exchanges by North Korean Actors | OPA | Department of Justice

https://www.justice.gov/opa/pr/united-states-files-complaint-forfeit-280-cryptocurrency-accounts-tied-hacks-two-exchanges

US seeks to seize 280 cryptocurrency accounts tied to North Korean hacks-Reuters
https://www.reuters.com/article/us-usa-northkorea-crypto-idUSKBN25N39F

The virtual currency exchange was hacked by North Korean hackers in July 2019, and the hacker is a virtual currency equivalent to $ 272,000 (about 29 million yen) such as Proton TokenIHT Real Estate Protocol Embezzlement. Also, in September 2019, multiple companies based in the United States were hacked by the same hacker. North Korean hackers are reported to have stolen nearly $2.5 million (about 265 million) from virtual currencies owned by companies and partners.

The case was revealed by an investigation by the United States Internal Revenue Service (IRS), the United States Department of Homeland Security, and the FBI. The stolen funds were used by Chinese traders on more than 100 accounts on the virtual currency exchange and were laundered for several months. It is also reported that the routes and accounts used to transfer the funds had strong ties with North Korea.



John C. Damers, Deputy Attorney General of the National Security Bureau of the Justice Department, said, ``We will not stop looting funds from the international financial markets as a source of funding for the failed economic and political system of North Korea. '.

'The incident reveals the relationship between North Korea's hacking plan and China's cryptocurrency money laundering network.' By uncovering the criminal network of cyber attackers at and tracking and seizing fraudulent profits, we will strengthen our ongoing efforts to counter threats.'

According to a UN Security Council study, North Korea estimated an estimated $2 billion (approximately 210 billion dollars) in 2019 by using cyber attacks to steal information from banks and virtual currency exchanges for weapons of mass destruction. It was reported that I was getting a (yen). The North Korean government has denied the United Nations' allegations, claiming that it is 'a fabrication to damage the image of North Korea.'

in Security, Posted by darkhorse_log