North Korea
TRM Labs Senior Policy Advisor on Crypto Compliance and Risk Management
TRM Labs Senior Policy Advisor Isabella Chase discusses the vulnerabilities of the digital asset space and how her firm is helping to tackle the risks of open finance. Plus, insights into tracking North Korea's Lazarus hacking group and the industry implications of the European Parliament's decision to postpone voting for its Markets in Crypto Assets Regulation (MiCA) bill until April.
Hackers Moved Funds Tied to $100M Harmony Exploit Over the Weekend: Report
Pseudonymous blockchain sleuth ZachXBT said a part of the funds tied to last year’s $100 million Harmony network attack worth $63.5 million (~41,000 ETH) was moved over the weekend. North Korea’s Lazarus Group was likely behind the hack, according to an analysis by blockchain research firm Elliptic. "The Hash" panel discusses the latest in the world of crypto crime and private DeFi.
Is 'White Hat' Hacking Good For DeFi Protocols?
Pacific Street Managing Director Gareth Rhodes weighs in on whether hacks are beneficial to DeFi protocols, following the arrest of Mango Markets exploiter Avraham Eisenberg. "If they don't manage to find the weaknesses, North Korea will," he said.
North Korea Responsible for About 60% of Crypto Hacks: Chainalysis
Chainalysis Director of Research Kimberly Grauer discusses North Korea's role in crypto hacks, saying the country is a "big part of this picture" and responsible for "about 60% of the value hacked."
Protest Against Tornado Cash Developer’s Arrest
More than 50 people gathered in Amsterdam’s Dam Square Saturday to protest the arrest of blockchain developer Alexey Pertsev. He was arrested Aug. 10 on suspicion of involvement in the Tornado Cash protocol that was sanctioned earlier this month by U.S. authorities.
US Tornado Cash Ban Will Put Great Dent Into North Korean Operations: Expert
The U.S. Treasury department has banned crypto mixer Tornado Cash, claiming it has ties to a hacking organization associated with the North Korean government.
TRM Labs Exec on Crypto Mixer Tornado Cash Blacklisted by US Treasury
The Treasury Department has banned all Americans from using decentralized crypto-mixing service Tornado Cash. TRM Labs analysis shows North Korean cybercriminals used the service to launder funds in all 10 of their most recent heists, including the $620 million Ronin Bridge hack. TRM Labs Head of Legal and Government Affairs Ari Redbord explains why this is a "watershed moment" for crypto.
Americans Banned From Using Crypto-Mixing Service Tornado Cash
The U.S. Treasury Department banned all Americans from using decentralized crypto mixing service Tornado Cash on Monday. The department barred its use by U.S. persons as a matter of national security because North Korean hackers allegedly use the mixer to launder stolen crypto funds. “The Hash” panel discusses what this means for online privacy in the crypto space.
3AC Contagion Fears; Saylor Buys More Bitcoin
Three Arrows Capital reportedly told to liquidate while market contagion fears grow. Microstrategy buys another $10 million worth of bitcoin. N. Korea suspected of $100 million Harmony Horizon hack. India’s 1% tax deducted at source on crypto transactions starts tomorrow. K-pop metaverse artists log in to mainstream popularity. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
US Agencies Warn of Attempts by North Koreans to Get IT Jobs
Three U.S. government agencies warned on Monday that some North Korean IT workers were trying to secure jobs while concealing their nationalities. CoinDesk’s Nikhilesh De discusses what we know so far and what this means for crypto.
