Places North Korea

North Korea-backed hackers have diversified their laundering strategies in response to sanctions imposed by Western authorities.

The attackers impersonate legitimate venture capital firms on Telegram and use meeting and scheduling apps to launch sophisticated phishing attacks.

The accused faces charges of sanctions violations and extradition to the U.S.

Tornado Cash's overall volume has plunged by around 85% following the U.S.-imposed sanctions.

The state-backed hacker group has become renowned for high-profile cryptocurrency hacks and exploits.

North Korea has been linked to various high profile crypto crimes.

The FBI has linked North Korea-backed hackers to several crypto thefts of this year.

The affected crypto companies remain unidentified.

N. Korean hackers employ thousands of shadow workers that pose as recruiters or potential employees to infiltrate crypto firms.

OFAC sanctioned six addresses belonging to Kim Sang Man.

Since 2017, the North Korea-backed hackers stole $721 million from Japan — equating to 30% of their illicit wealth.

The accused allegedly laundered funds from exchange thefts and foreign workers.

Coin Center warns of the potential for US authorities to block, restrict, and ban entire asset classes — including cryptocurrency.

The group carries out phishing attacks, steals credentials, and relies on cloud mining.

Euler Labs warned its exploiter not to open the encrypted message under any circumstance, urging him to return the stolen funds.

Euler Labs CEO Michael Bentley tweeted on March 17 that the DeFi protocol's exploited lines of codes were previously audited.

The majority of $234 million stolen in the attack was already laundered. The recent movements involved funds that were dormant for 4.5 years.

Christopher Emms has been on the FBI's international wanted list for a number of years for his role in illegally providing cryptocurrency and blockchain services to North Korea.