The U.S. Treasury Department identified three people allegedly supporting North Korea's infamous Lazarus Group, a hacking team known for crypto thefts. Two of the people provided OTC trading services for crypto transactions. jesseahamilton reports
for supporting the Lazarus Group, a North Korean hacking team known for crypto thefts that U.S. authorities say have been used to support the nation's weapons program.
Two of the sanctioned individuals, Cheng Hung Man and Wu Huihui, were over-the-counter traders who facilitated crypto transactions for Lazarus, the agency said, while a third person, Sim Hyon Sop, provided other financial support. The Treasury investigation identified several bitcoin addresses associated with Wu, while tying an ether, arbitrum and Binance chain address to Sim.
“The DPRK continues to exploit virtual currency and extensive illicit facilitation networks to access the international financial system and generate revenue for the regime,” said Brian Nelson, the department's undersecretary for terrorism and financial intelligence, in a statement, referring to the official name of North Korea.
The Lazarus Group has been accused of mounting a multibillion-dollar campaign against the crypto world, the proceeds of which are said to fund North Korea's weapons program. The Treasury says the hacker group is controlled by North Korea's intelligence organization, the Reconnaissance General Bureau, and it was behind theUPDATE :Adds detail on digital asset addresses.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
NCT Dream successfully wraps up U.S. leg of 'The Dream Show 2: In A Dream' world tour | allkpopNCT Dream has successfully wrapped up their North American tour!The North American leg of 'The Dream Show 2: In A Dream' had the boy group visiting se…
Les mer »
Treasury lets automakers do the math on EV tax credit eligibility - AutoblogRules for the transition from ICE to EV are being hammered out by both businesses and U.S. regulators.
Les mer »
Bond yields could drop if Treasury trading was like the stock marketBond yields could drop under an idea that would make Treasury trading more like the stock market
Les mer »
No deal: PSAC leaders decry slow pace of Treasury Board as strike continuesThe union and the federal government have been negotiating for more than two weeks about key issues including wages and telework. Both sides say they were at the table on Saturday afternoon.
Les mer »
US Treasury seeks to tighten nonbank rules following banking crisisIn the wake of the recent US banking crisis, Treasury Secretary Janet Yellen proposed new rules making it easier to regulate nonbank institutions and subject them to the supervision of the Fed.
Les mer »
Hunter Biden team wants Treasury probe of ex-Trump aide and Congress action against MTGLetters sent Monday to the House Ethics Committee and the Treasury Department are among part of an increasingly public and aggressive strategy from Biden’s team.
Les mer »