Crypto price surge invites a torrent of crypto crime Daniel Howley
Bitcoin soared past $50,000 per coin for the first time on Tuesday, and three days later its market cap surpassed $1 trillion. To say the cryptocurrency and altcoins have been on a tear is an understatement especially after Tesla (TSLA) bought $1.5 billion in bitcoin earlier this month. And as the prices of these digital assets increase, so does the temptation to heist cryptocurrency.
The Justice Department unsealed an indictment Wednesday alleging North Korean military hackers schemed to steal money and cryptocurrency around the world as part of a larger plot involving Sony Pictures. That indictment spurred a warning from the FBI and Department of Homeland Security: Hackers are upping their games to steal cryptocurrency.
Ramon Olorunwa Abbas popular known as Hushpuppi has been linked to North Korean hackers, who have been described as the biggest bank robbers in the world. |
Hushpuppi laundered funds for hackers and bank robbers from North Korea – U S xbitgh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from xbitgh.com Daily Mail and Mail on Sunday newspapers.
Feb 18, 2021 US Government Expands Charges Against North Korean Hackers- Authorities Describe Them as The World s Leading Bank Robbers
The U.S. Department of Justice (DOJ) unsealed new charges against the North Korean state-sponsored Lazarus Group. The hackers are allegedly responsible for stealing over $1.3 billion in cryptocurrencies and fiat during coordinated cyber-heists.
North Korean Hackers Also Developed and Deployed Malicious Crypto Apps
According to the announcement, law enforcement expanded charges to Park Jin Hyok, a North Korean military hacker, from his involvement in hacking Sony in 2018, deploying Wannacry ransomware attacks, and other financial cyber thefts.
Moreover, the new indictment unsealed mentioned Jon Chang Hyo and Kim Il as part of the new measures taken by the DOJ. Authorities also said that three hackers belong to the Reconnaissance General Bureau (RGB), a North Korean military intelligence agency.