News North Korea uses sanctioned Russian exchange to launder $100M in stolen cryptoExpert says such designations can still play important role despite Lazarus Group’s use of Garantex and Sinbad North Korean hackers have turned to a sanctioned Russian cryptocurrency exchange to launder over $100 million in stolen virtual assets, demonstrating their ability to get around efforts to curb funding for Pyongyang’s nuclear ambitions. The DPRK-linked Lazarus Group compromised over 5,500 virtual wallets in its campaign targeting Atomic Wallet, a digital wallet service, blockchain analysis firm Elliptic said in a report Tuesday. The $100 million sum is significantly larger than the initial estimate of $35 million reported last week, the first major cryptocurrency theft publicly attributed to Lazarus since last June’s Horizon Bridge heist. At © Korea Risk Group. All rights reserved. |