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A British national wanted with a red notice from Interpol for consulting North Korea on cryptocurrencies has been detained in Moscow. U.S. authorities allege that the man helped the regime in Pyongyang to bypass sanctions using digital assets. U.K. Citizen Sought by U.S. for Violating North Korea Sanctions Apprehended in a Moscow Hostel The Russian […]Powered by WPeMatico
According to the National Police Agency (NPA) in Japan, North Korean hackers from the crime syndicate Lazarus Group have been targeting crypto companies in the country. Local reports detail that it’s the fifth time the NPA has tied “public attribution” to the organization of North Korean cyber criminals. Japan’s Law Enforcement and Financial Regulator Warn […]Powered by WPeMatico
On April 18, the Federal Bureau of Investigation (FBI), the U.S. Treasury Department, and the Cybersecurity and Infrastructure Security Agency (CISA) published a Cybersecurity Advisory (CSA) report concerning malicious North Korean state-sponsored cryptocurrency activity. According to the U.S. government, law enforcement officials have observed North Korean cyber actors targeting specific blockchain companies in the industry. […]Powered by WPeMatico
According to the U.S. Treasury and the Office of Foreign Assets Control (OFAC), the recent Ronin bridge hack may have been tied to the North Korean hacker syndicate called Lazarus Group. Federal law enforcement officials have tied the flagged ethereum address connected with the Ronin bridge exploit to the group of hackers and added the […]Powered by WPeMatico
Former Ethereum developer Virgil Griffith has been sentenced to 63 months in prison and a $100,000 fine for violating sanctions on North Korea.
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A North Korean official claims that a Democratic People’s Republic of Korea (DPRK) cryptocurrency is on the horizon. According to a delegate for the Committee for Cultural Relations, Alejandro Cao de Benós, the country plans to forge a token backed by a physical commodity like gold and the digital asset’s main purpose will be used […]
The post North Korea Plans to Launch Cryptocurrency to Bypass Economic Sanctions appeared first on Bitcoin News.
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During an interview earlier this week, two Washington-based financial intelligence analysts explain that North Korea is using cryptocurrencies to evade US sanctions. The intelligence researchers Lourdes Miranda, and Ross Delston say the Pyŏngyang region is actively trading established digital assets to avoid US financial sanctions that have been imposed since the fifties. Also read: Developer Paul […]
The post Analysts Suspect Cryptocurrencies Used to Evade US Sanctions in North Korea appeared first on Bitcoin News.
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North Korea is reportedly planning to hold a conference devoted to blockchain technologies and cryptocurrencies. The event, said to have been scheduled to take place in October, is expected to bring experts from around the world who will meet representatives of North Korean enterprises. Also read: China Escalates Crackdown, Russia Chases Shadows, UK Warns […]
The post Report: North Korea to Hold a Crypto Conference appeared first on Bitcoin News.
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North Korea may have made over $200 million USD from cryptocurrency transactions last year, according to a former NSA official. DPRK is believed to have obtained at least 11,000 bitcoins through mining or hacking in 2017. Pyongyang continues to exploit the benefits of using cryptos and the cyber security weaknesses of its adversaries, recent reports […]
The post North Korea Obtained 11,000 bitcoins in 2017, Expert Says appeared first on Bitcoin News.
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