Sanctions, Russia and ‘crypto crime’
After Russia invades Ukraine, sanctions are back on the agenda, and when it comes to getting around them, misuse of digital assets appears to be essential.
After Russia invades Ukraine, sanctions are back on the agenda, and when it comes to getting around them, misuse of digital assets appears to be essential.
While APT43 works independently from the government, the hacking group performs in line with the North Korean regime's ambition—to bolster nuclear power and circumnavigate sanctions.
The British national stresses there is no truth to the allegations the U.S. throws, pointing out that information gathered by a nongovernmental organization backs his innocence.
Apart from the four individuals sanctioned by South Korea for plotting and initiating cyberattacks, seven institutions were also penalized for backing North Korea's missile development.
North Korea relies on hacker groups affiliated with its intelligence agency, including the infamous Lazarus Group, Reuters reported quoting a report by the United Nations.
The FBI investigated the attacks for over six months with help from the National Cryptocurrency Enforcement Team, the U.S. Attorney’s Offices of California, and the District of Columbia.
Working similarly with other hacking gangs, BlueNoroff uses fake websites and mimics popular VC firms and financial institutions to scam victims in Europe and the Far East, particularly in Japan.
An investigation by cybersecurity firm Slowmist revealed that the North Korean hackers are working with bad actors from Eastern Europe to steal NFTs using decoy websites.
South Korea reports an average of 1.18 million cyberattacks daily from international gangs, with 55% found to be organized by North Korean hackers, according to the National Intelligence Service.
The latest threat saw the North Korean-linked hackers target digital asset investment companies on Telegram by joining investment groups on the chat platforms, according to Microsoft.
Months after being put on the SDN list, OFAC announced that Tornado Cash is linked to North Korea's nuke program in an effort to stomp Pyongyang's illegal weapons advancements.
Law enforcement authorities in Japan have published a public attribution statement claiming Lazarus has been mainly using phishing tactics to target digital asset business in Japan.