Bitcoin is at 57,600, just 0.71% down from this time last week, as Bitcoin’s rangebound sideways struggle continues. Bitcoin continued its decline at the opening of Wall Street trading on September 11, as positive U.S. macroeconomic data failed to buoy the markets. Source: Brave New Coin Liquid Index Bitcoin briefly fell below $56,000, before recovering,…
In a recently reviewed unpublished report by Reuters, United Nations (UN) sanctions monitors have alleged that North Korea engaged in a massive theft of crypto assets, raking in $3 billion through cyberattacks. Nuclear Upgrades And Crypto Cyberattacks Unveiled According to Reuters, the independent panel of sanctions monitors revealed that despite international sanctions, North Korea continued…
Japan has emerged with the highest losses worldwide from North Korean cyberattacks targeting crypto exchanges, as recent reports indicate that Japan’s financial institutions and individuals incurred approximately 30% of the total losses attributed to North Korean crypto hacking. The Japanese government has been particularly vocal about the need for enhanced cybersecurity measures to combat these…
Regarding cryptocurrency cybercrimes and attacks, North Korea is a notable region with increased activities. Many groups are posing high threats through their attack on some crypto protocols. Also, a report in June disclosed that North Korea has 7 million active hackers. Many stolen funds running into millions of dollars have been traced back to the…
According to the US Government, North Korean IT workers are flooding the freelance market. It’s illegal for US businesses to employ them, but, what if they have no idea they’re doing it? In this new remote work world we’re living in, it’s completely possible. The North Korean workers are targeting all kinds of technology-focused businesses,…
The latest report on the Axie Infinity/ Ronin bridge hack is too good to be true. Especially considering the FBI claims a North Korea-sponsored hacking group is responsible for it. “A senior engineer at Axie Infinity was duped into applying for a job at a company that, in reality, did not exist,” The Block reports.…
It’s only April but 2020 has already been a crazy year: Bitcoin crashed 50% in a 36-hour time frame, the outbreak of COVID-19 has started, the price of oil went negative as recession fears have mounted, and, according to reports, North Korea’s leader is in a condition of poor health, which has sparked a response…
The US Treasury Department has just announced new sanctions against online criminal groups based in North Korea. The groups have reportedly conducted cryptocurrency ransomware attacks and other cyber crimes aimed at subverting international sanctions against the state. The US Treasury believes these attacks are directly funding the North Korean missile programme. This presents those companies…
Members of the ruling elite in North Korea are suspected of launching two scams aimed at exploiting gullible crypto investors still attempting to get in early on a potential moon shoot. The totalitarian state is thought to be using such schemes to stay afloat in the face of international sanctions. Technical Sophistication of North Korean…
North Korea is reportedly ramping up the use of cryptocurrencies to evade US economic sanctions. It’s also alleged that the country is developing its own native crypto asset to further assist moving money across borders, according to a duo of financial intelligence analysts from Washington D.C. North Korea Allegedly Uses a Mixer to Launder Money Using…