Understanding North Korean Hackers and Their Use of Stolen Crypto
Insights on North Korean Hackers
North Korean hackers are leveraging stolen cryptocurrency to fund their operations and evade international sanctions. Recent blockchain data reveals that over $150,000 in crypto was transferred to Huione Pay from a wallet linked to the notorious Lazarus hacking group.
Details of the Transaction
- The transfers occurred from June 2023 to February 2024.
- Huione Pay, known for remittance services, unknowingly received these funds.
- The crypto was linked to attacks on three separate crypto firms.
The FBI reported that Lazarus collectively stole around $160 million from these targeted firms, reportedly using phishing attacks.
The Implications for Global Security
Cryptocurrency is becoming a significant avenue for North Korea to bypass international restrictions, allowing the regime to acquire banned goods. Experts warn that such activities may directly support North Korea's military aspirations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.