According to Elliptic, the methods used by the hackers in carrying out the hack and laundering the funds are reminiscent of other incidents that have been linked to the Lazarus Group.
According to the three U.S. departments, the North Koreans allegedly use false identities and VPNs to conceal their identities and usually ask for payments in digital assets.
According to reports, the digital assets exchange executive named Lee was recruited by a North Korean agent who paid him $600,000, Lee then recruited an army captain by paying him $38,000.
If found guilty of the charges, Alejandro Cao de Benos and Christopher Emms faces up to 20 years in prison. Currently, both individuals remain at large.
BSV Blockchain launched an online platform in China called the "CSDN Blockchain Engineer Qualification program," which aims to help bitcoin beginners learn how to store data in a Bitcoin network.
The U.S. Treasury connected the theft to the North Korean hacker group Lazarus Group it also added the related Ethereum address to its sanctions list.
In its latest report, the organization said that the country increased capabilities for rapid deployment of nuclear weapons amid sanctions by the U.N. and other major global economies.
The hackers launched at least seven attacks targeting exchanges and investment firms and laundered the money through an intricate web of DEXes and mixers.
Ethereum, the self-proclaimed “world computer,” has a serious case of the ‘I Don’t Like Mondays’ after a series of public relations black eyes.
Ghaleb Alaumary is accused of having helped North Korean hackers who made off with $1.3 billion targeting banks and digital currency firms, among other crimes.
Judge Castel has ordered Ethereum researcher Virgil Griffith to go back to jail until his trial begins in September 2021.