North Korea moves millions in crypto as it looks to cash out stolen funds
Expert says hackers will still need to convert gains to cash after transfer of funds linked to Horizon Bridge heist
North Korea-linked attackers moved millions of dollars of cryptocurrency over the weekend, according to cryptocurrency exchange Binance, in what appeared to be part of efforts to cash out the illicit gains of recent thefts.
The funds were linked to the Horizon Bridge heist, one of North Korea’s largest scores last year.
“We detected Harmony One hacker fund movement,” Binance CEO Changpeng Zhao announced in a tweet Monday. “They previously tried to launder through Binance and we froze [their] accounts.”
Harmony One is the company behind the Horizon Bridge, which allows users to
- 01How North Korea and Russia could build their own crypto ‘shadow economy’
- 02North Korean launchpad busy despite Putin’s vow to help launch DPRK satellites
- 03Why China isn’t too worried about Kim Jong Un’s trip to cozy up to Russia
- 04State media review: Kim Jong Un ramps up personality cult with new mosaic mural
- 05Why interoperability remains a hurdle for trilateral cooperation on North Korea
- 06North Korea confirms long-time weapons official leading top missile bureau
- 07RECAP: Everything we know about Kim Jong Un’s grand odyssey in Russian Far East
- 08What the North Korean Red Guards’ new toys reveal about military modernization