North Korea | Crypto

Blockchain investigator ZachXBT has linked a major exploit affecting several NFT projects connected to Pepe creator Matt Furie to a group of suspected North Korean IT workers. According to his analysis, the attacks led to the loss of over $1 million across multiple platforms, including ChainSaw-related projects Replicandy and Peplicator, with around $310,000 stolen from […] The post Pepe Creator Projects Hit by $1M Exploit Linked to North Korea IT Workers: ZachXBT appeared first on Cryptonews.

ChatGPT automates North Korea’s crypto hacks. Malaysian highway funds funneled to digital assets. Asia Express North Koreas state-sponsored hacking groups are automating cryptocurrency theft with the help of AI tools like ChatGPT, according to South Korean cybersecurity officials. Lee Seul-gi, lead researcher at the Korea Internet & Security Agency (KISA), said attackers are using AI-configured scripts to automatically transfer crypto to their own wallets once a victims balance exceeds $200. During a security conference in Seoul on Thursday, Lee shared the findings of an investigation that analyzed 39 virtual server images seized in September, according to local media. Read more

The Justice Department has filed a civil forfeiture complaint to seize crypto and NFTs allegedly tied to laundering efforts by North Korea. The US Department of Justice has moved to seize $7.74 million in crypto allegedly earned by North Korean IT workers using fake identities and working at blockchain firms as remote contractors.   The funds were initially frozen in April 2023 as part of an indictment against Sim Hyon Sop, a China-based banker allegedly helping North Korean IT workers launder money, the DOJ said in a June 5 statement. The Justice Department is looking to seize multiple cryptocurrencies, including stablecoins and Bitcoin (BTC) in varying amounts, along with non-fungible tokens and Ethereum Name Service domains that are held in multiple self-custody wallets and Binance accounts, according to its civil forfeiture complaint filed June 5 in a Washington, DC federal court. Read more

BitMEX’s security team has exposed significant operational weaknesses within the Lazarus Group, the North Korean state-sponsored cybercrime network. The post BitMEX Uncovers Security Flaws in North Korea’s Lazarus Group Operations appeared first on Cryptonews.