North Korea hackers stole $400m of cryptocurrency in 2021, report says

Cyber crime inventory picture.

North Korean hackers stole nearly $400m (£291m) value of digital belongings in at the very least seven assaults on cryptocurrency platforms final yr, a report claims.

Blockchain evaluation firm Chainalysis mentioned it was certainly one of most profitable years on file for cyber-criminals within the closed east Asian state.

The assaults primarily focused funding companies and centralised exchanges.

North Korea has routinely denied being concerned in hack assaults attributed to them.

“From 2020 to 2021, the variety of North Korean-linked hacks jumped from 4 to seven, and the worth extracted from these hacks grew by 40%,”

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Cryptocurrency professional admits aiding North Korea

North Korean Army Parade

A cryptocurrency professional who gave a chat at a Pyongyang convention has admitted conspiring to assist North Korea evade sanctions.

Virgil Griffith, a former senior researcher with the Ethereum Basis, pleaded responsible on Monday.

The US Division of Justice mentioned he had “jeopardised the nationwide safety of the US” by undermining sanctions.

His lawyer instructed the Wall Road Journal Griffith was “sincerely remorseful.”

Launder cash

In April 2019, Griffith attended the Pyongyang Blockchain and Cryptocurrency Convention, with about 100 different attendees.

He had utilized for permission to journey to North Korea – however when this was

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Programmer pleads responsible to advising North Korea on evading sanctions through cryptocurrency

Programmer Virgil Griffith has pleaded responsible in New York’s federal courtroom to conspiring to assist North Korea evade sanctions via advising it on using cryptocurrency.



Programmer pleads guilty to advising North Korea on evading sanctions via cryptocurrency


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Programmer pleads responsible to advising North Korea on evading sanctions through cryptocurrency

Griffith was initially arrested in Nov. 2019, a number of months after talking on the Pyongyang Blockchain and Cryptocurrency Convention in North Korea. Although the U.S. Division of State had denied his request for permission to journey to North Korea, and in reality warned him to not attend the occasion, Griffith made his manner there and gave a presentation

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