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North Korea's Cryptocurrency Activities Raise Global Concerns

1 min read
Source: Bitcoinist
North Korea's Cryptocurrency Activities Raise Global Concerns
Photo: Bitcoinist
TL;DR

Reports suggest that North Korean hackers associated with the Lazarus Group exploited Ethereum through Tornado Cash and transferred 1 ETH to BlackRock, sparking speculation and raising concerns about potential illicit activities. Tornado Cash has faced increased scrutiny from US regulators, with the US Treasury Department targeting the software for its alleged role in facilitating cybercriminal activity. Despite the rebound in Ethereum's price, the motive behind the alleged transfer remains undisclosed, and BlackRock has not responded to the matter.

Topics:businesscryptocurrency#blackrock#cryptocurrency#ethereum#lazarus-group#north-korea#tornado-cash
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  1. Rumors Swirl As North Korea's ETH Transfer To BlackRock Via Tornado Cash Sparks Speculation |  Bitcoinist
  2. North Korean Crypto Hackers Have Stolen $3B Since 2017, Says UN Security Council: Report  CoinDesk
  3. 100,000 North Koreans work abroad, earning US$500 million a year: UN  Radio Free Asia
  4. North Korea gets 50% of foreign earnings due to weak security measures in crypto industry, UN says  crypto.news
  5. HECO Chain exploiter anonymizes $145M of Ether on Tornado Cash in 8 days  Cointelegraph

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