<\/p>\n
The U.S. Federal Bureau of Investigation (FBI) warned crypto companies that North Korea may soon attempt to cash out some of its illegally acquired Bitcoin worth more than $40 million.<\/p>\n
In an Aug. 22 notice<\/a>, the law enforcement agency revealed that North Korea-linked TraderTraitor-affiliated actors, including Lazarus Group and APT38<\/a>, consolidated 1,580 BTC into six wallets during the last 24 hours.<\/p>\n \u201cPrivate sector entities should examine the blockchain data associated with these addresses and be vigilant in guarding against transactions directly with, or derived from, the addresses,\u201d part of the statement reads. \u201cThe FBI will continue to expose and combat the DPRK\u2019s use of illicit activities\u2014including cybercrime and virtual currency theft\u2014to generate revenue for the regime.\u201d<\/p>\n North Korea\u2019s involvement in illicit cryptocurrency activities, mainly through state-supported actors like the Lazarus hacking group, has raised concerns from authorities worldwide. A CryptoSlate<\/em> report<\/a> revealed that North Korean-backed hackers had stolen $497 million in cryptocurrencies from U.S. businesses since 2017.<\/p>\n Last year, Lazarus Group orchestrated two notable blockchain attacks, targeting \u00a0Horizon Bridge<\/a>\u00a0and\u00a0Ronin Bridge<\/a>. Besides that, the North Korean-backed hacker groups have also been linked to several major cryptocurrency security breaches this year. They include a $60 million attack on the cryptocurrency payment service Alphapo<\/a> in July, a $37 million theft from CoinsPaid in June, and a staggering sum exceeding $100 million stolen from Atomic Wallet<\/a> at the beginning of the same month.<\/p>\n In May, the U.S. Treasury\u2019s Office of Foreign Assets Control (OFAC) sanctioned<\/a> several addresses linked to North Korea, with Binance helping the U.S. Treasury seize $4.4 million from related individuals.<\/p>\n Before then, a British national, Christopher Douglas Emms, who helped North Korea evade imposed sanctions via crypto, was arrested<\/a> in Moscow by the Russian Bureau of Interpol.<\/p>\n The post FBI warns crypto firms of North Korea move to cash out $40M in stolen Bitcoin<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" The U.S. Federal Bureau of Investigation (FBI) warned crypto companies that North Korea may soon attempt to cash out some of its illegally acquired Bitcoin worth more than $40 million. In an Aug. 22 notice, the law enforcement agency revealed that North Korea-linked TraderTraitor-affiliated actors, including Lazarus Group and APT38, consolidated 1,580 BTC into six […]<\/p>\n","protected":false},"author":2,"featured_media":141280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-141279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=141279"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141279\/revisions"}],"predecessor-version":[{"id":141281,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141279\/revisions\/141281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/141280"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=141279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=141279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=141279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}North Korea\u2019s crypto thefts<\/h2>\n