Three North Korean Hackers For Trying to Stealing $1.3B In Crypto


That’s billion with a “b.”

Wanted Poster

The United States Department of Justice just indicted three state-backed North Korean hackers who, it says, conspired to steal more than $1.3 billion worth of cryptocurrency.

The three hackers are part of North Korea’s military intelligence group known as the Reconnaissance General Bureau, according to The New York Times. The trio reportedly made off with a serious haul of crypto, which is part of a larger operation to quietly funnel money to the North Korean government, which has been struggling financially due to sanctions.

“Cryptocurrencies are completely changing the way that sanctions are done and their effectiveness,” Stephanie T. Kleine-Ahlbrandt, a fellow at a think tank called the Henry L. Stimson Center, told the NYT.

Laundry List

The NYT reports that the trio successfully stole at least $112 million, according to the government, about $11.8 million of which came from an unnamed financial company in New York. They also targeted the entertainment industry as payback for the 2014 Seth Rogan film “The Interview,” hacked ATMs, and launched spear-phishing campaigns and their own cryptocurrency scams, according to a Department of Justice press release.

“North Korea’s operatives, using keyboards rather than guns, stealing digital wallets of cryptocurrency instead of sacks of cash, are the world’s leading bank robbers,” John C. Demers, Assistant Attorney General of the Justice Department’s National Security Division said in the press release.

Cat And Mouse

The nature of the hacks — all digital, with intangible digital currencies as the bounty — reflects a changing landscape of crime that can be difficult to adapt to, especially as they blur the line between cybercrime and acts of cyber warfare.

“This case is a particularly striking example of the growing alliance between officials within some national governments and highly sophisticated cyber-criminals,” US Secret Service Assistant Director Michael R. D’Ambrosio said in the release. “The individuals indicted today committed a truly unprecedented range of financial and cyber-crimes: from ransomware attacks and phishing campaigns, to digital bank heists and sophisticated money laundering operations.”

READ MORE: U.S. Charges 3 North Koreans With Hacking and Stealing Millions of Dollars [The New York Times]

More on crypto thieves: North Korea Is Using Hackers to Steal Money for Nuclear Bombs

Latest articles

Biden lifts freeze on green cards enacted by Trump earlier in pandemic

U.S. President Joe Biden on Wednesday lifted a freeze on green cards issued by his predecessor during the pandemic that lawyers said was...

Moderna begins studying potential COVID-19 vaccine booster targetting variant first detected in South Africa

Drug manufacturer Moderna says it will begin testing a variant-specific version of its COVID-19 vaccine that would target the B1351 variant first detected...

Banks And Investors Are Still Pouring Billions Into Coal Companies

Coal is the number-one single source for increasing global temperatures, with coal-fired electricity generation accounting for 30% of the world’s carbon dioxide emissions....

Sarah Hyland Dyed Her Hair Red And It’s So Gorgeous

"Sarah's been wanting to do this change for a while" ...

Related articles

Leave a reply

Please enter your comment!
Please enter your name here