North Korea deploys ‘sophisticated’ techniques to launder cryptocurrency: Report



News North Korea deploys ‘sophisticated’ techniques to launder cryptocurrency: Report DPRK-linked cyber criminals are taking advantage of novel fintech platforms to circumvent regulation, report says Ethan Jewell February 17, 2022 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Pixabay \| Artistic representations of various cryptocurrencies, including Bitcoin, Ethereum and Shiba Inu A leading U.S. think tank says North Korean hackers are increasingly taking advantage of decentralized finance (DeFi) platforms to launder cryptocurrencies, thanks in part to slow-to-adapt regulations on Washington’s end. The Center for a New American Security (CNAS) report states that North Korea’s most infamous hacking group Lazarus has shown “remarkable adaptation to evolving regulations,” allowing it to stay ahead of government regulators as cryptocurrencies develop. A leading U.S. think tank says North Korean hackers are increasingly taking advantage of decentralized finance (DeFi) platforms to launder cryptocurrencies, thanks in part to slow-to-adapt regulations on Washington’s end. The Center for a New American Security (CNAS) report states that North Korea’s most infamous hacking group Lazarus has shown “remarkable adaptation to evolving regulations,” allowing it to stay ahead of government regulators as cryptocurrencies develop. Try unlimited access Only $1 for four weeks Unlimited access to all of NK News: reporting, investigations, analysis Year-one discount if you continue past $1 trial period The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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North Korea deploys ‘sophisticated’ techniques to launder cryptocurrency: Report

DPRK-linked cyber criminals are taking advantage of novel fintech platforms to circumvent regulation, report says

Ethan Jewell February 17, 2022

North Korea deploys ‘sophisticated’ techniques to launder cryptocurrency: Report

Pixabay | Artistic representations of various cryptocurrencies, including Bitcoin, Ethereum and Shiba Inu

A leading U.S. think tank says North Korean hackers are increasingly taking advantage of decentralized finance (DeFi) platforms to launder cryptocurrencies, thanks in part to slow-to-adapt regulations on Washington’s end.

The Center for a New American Security (CNAS) report states that North Korea’s most infamous hacking group Lazarus has shown “remarkable adaptation to evolving regulations,” allowing it to stay ahead of government regulators as cryptocurrencies develop.