DeFi Used by North Korean Hackers and Criminals for Money Laundering, US Treasury Takes Action
TL;DR Summary
South Korean spies and American private investigators worked together to seize a fraction of the $100m stolen from a California cryptocurrency firm named Harmony by North Korean hackers. The sting operation offers a rare window into the murky world of cryptocurrency espionage and the burgeoning effort to shut down what has become a multibillion-dollar business for North Korea’s authoritarian regime. Cutting off North Korea’s cryptocurrency pipeline has quickly become a national security imperative for the US and South Korea.
- Inside the international sting operation to catch North Korean crypto hackers CNN
- U.S. Treasury Department Claims Criminals and North Korean ‘Cyber Actors’ Use DeFi To Launder Money The Daily Hodl
- Treasury Review Acknowledges Traditional Finance, Not DeFi, Preferred by Criminals Blockworks
- US Treasury Report: North Korea and Scammers Using DeFi to Launder Dirty Money – Regulation Incoming? Cryptonews
- U.S. Treasury Misunderstands DeFi AML Compliance Requirements: Coin Center Crypto Briefing
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