His record-breaking $ 1.5 billion Crypto Heests worth at least $ 300 million (£ 232 million) has been successfully cashed by hackers employed by the North Korean government. Two weeks ago, criminals,
known as the Lazarus Group, broke into a cryptocurrency exchange bibit and stole a large amount of digital tokens. Since then, it has been playing cat and mouse to track hackers and prevent them from successfully converting cryptocurrency into cash. Experts say that the notorious hacking team is working almost all day, which can help the government develop their army.
Crypto investigators co-founder Dr. Tom Robinson said, “Every minute matters to hackers who are trying to confuse the money trail and are very sophisticated in what they are doing.” Dr. According to Robinson, the cryptocurrency of all criminals involved in North Korea Cryptocurrency is best in laundering. “I think they have a complete room of people doing so using automated equipment and years of experience.
With their activity, we can also see that they only take a few hours of holiday each day, possibly working to convert cryptocurrency into cash. Records. Hacked to fund atomic and military development of governance.
The fact is that not all crypto companies are eager to help others; there is another issue as well. Bybit and others are claiming that the cryptocurrency exchange failed to prevent criminals from cashing. This exchange has successfully broadcast more than $90 million. However, Johan Roberts, the elusive owner of Exchen, disputed through email.
He admits that he did not stop the money earlier as his company had long been on obstacles with Bibit, and his team was not sure that coins came from a hack. He now claims to cooperate, but he argues that the mainstream businesses that identify Crypto customers are leaving the personal and anonymous benefits of Crypto currency. Although North Korea is considered the only nation in the world using its hacking capabilities for financial advantage, it has never accepted behind the Lazarus group. The Lazarus Group used to target banks, but over the last five years, they have focused on targeting cryptocurrency businesses. here are fewer security measures to prevent money from looting, which makes the sector less safe.
The following recent hacks have been associated with North Korea: $ 41 million in 2019 $ 275 million theft from Kookin, where most of the funds were recovered in 2022 Ronin Bridge attack, with $ 600 million stolen in cryptocurrency, which was an attack on the atomic fans. The Lazarus Group-North Korean people were added to the Cyber Most Wanted List by the United States in 2020. However, until the individuals leave their country, there is little possibility that they will ever be arrested.
- Cyber-crime
- Cryptocurrency
- North Korea
- Cyber-security
- ByBit