North Korea’s Lazarus Group Rakes in $3 Billion from Cryptocurrency Hacks

Nov 30, 2023NewsroomCryptocurrency / Cyberattacks Threat actors from the Democratic People’s Republic of Korea (DPRK) are increasingly targeting the cryptocurrency sector as a major revenue generation mechanism since at least 2017 to get around sanctions imposed against the country. “Even though movement in and out of and within the country is heavily restricted, and its…

U.S. Treasury Sanctions Sinbad Cryptocurrency Mixer Used by North Korean Hackers

Nov 30, 2023NewsroomHacking / Cryptocurrency The U.S. Treasury Department on Wednesday imposed sanctions against Sinbad, a virtual currency mixer that has been put to use by the North Korea-linked Lazarus Group to launder ill-gotten proceeds. “Sinbad has processed millions of dollars’ worth of virtual currency from Lazarus Group heists, including the Horizon Bridge and Axie…