North Korea
Running With Crypto: 5 Questions With TRM Labs' Ari Redbord
TRM Labs Head of Legal and Government Affairs Ari Redbord answers five rapid fire questions from CoinDesk including the major concern in the crypto sector in 2024, his crypto hack education outlook and the runs he has been on with crypto folks.
Hacks Involving North Korea Are 'Even Greater Problem': Legal Experts
Ari Redbord, Head of Legal and Government Affairs at TRM Labs, joins "First Mover" to discuss the emerging hacks and exploits in the crypto industry in 2024. Plus, insights on the national security threat posed by hacks that involve North Korea.
North Korean Hackers Stole $600M Worth of Crypto in 2023: TRM Labs
Data from TRM Labs shows that North Korean hackers stole $600 million worth of crypto in 2023. The total amount of funds stolen decreased by 30% from 2022 to 2023, after dramatically increasing the year before. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
U.S. Treasury Sanctions Crypto Mixer on North Korea Allegations as FBI, Dutch and Finnish Police Seize Website
The U.S. Treasury Department has blocked Sinbad.io, a crypto mixing service, from the global dollar financial system on allegations it supported transactions tied to North Korea's infamous hacking group. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.
Tornado Cash Trading Volumes Plunged After U.S. Sanctions: TRM Labs
Overall usage of crypto mixer Tornado Cash dropped 90% following U.S. sanctions, a new report from blockchain analytics firm TRM Labs shows. The U.S. Department of Justice has alleged the service was used to launder more than $1 billion in illicit funds, including by North Korean hacker group Lazarus. Jennifer Sanasie presents "The Chart of the Day."
North Korean Hackers Stole $41 Million From Crypto Gambling Site, FBI Says
According to the Federal Bureau of Investigation, the North Korea-linked hacker collective Lazarus Group was behind this month’s hack of crypto casino and betting platform Stake. "First Mover" host Jennifer Sanasie and The Tie Director of Content Lawrence Lewitinn weigh in on the latest developments and the performance of crypto gambling tokens.
North Korean Hackers May Cash Out Stolen Crypto; State of Crypto in Hong Kong
Host Angie Lau takes a deep dive into the state of crypto in Asia as Hong Kong Virtual Asset Exchange (HKVAX) becomes the third licensed crypto operator in the city. Plus, the Federal Bureau of Investigation (FBI) warns that North Korea-based hackers Lazarus Group and APT38 may attempt to cash out stolen bitcoin (BTC) worth more than $40 million. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."
Sam Bankman-Fried's Defense Strategy; Binance.US Customers Now Have Access to MoonPay
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as bitcoin hovers around $26,300 and XRP has lost nearly all its gains since the historic Ripple ruling. FTX founder Sam Bankman-Fried has settled on a legal strategy ahead of his criminal trial this October. The FBI is warning North Korean hackers could try to sell millions of dollars worth of bitcoin. And, Binance.US customers now have access to MoonPay.
North Korean Hackers May Try to Sell $40M Worth of Bitcoin, FBI Warns
The Federal Bureau of Investigation (FBI) said in a statement that North Korea-based hackers Lazarus Group and APT38 may attempt to cash out stolen bitcoin (BTC) worth more than $40 million. In January, the FBI named the two groups as being behind last year's Horizon Bridge hack, which resulted in the loss of over $100 million. "The Hash" panel discusses their reaction to law enforcement's latest actions against bad actors.
Three Quarters of Jurisdictions Not Complying With Global Crypto Laundering Norms, FATF Says
Most jurisdictions still aren’t fully complying with international anti-money laundering norms for crypto, according to standard-setter the Financial Action Task Force (FATF). The global anti-money laundering watchdog also added that North Korea is using illicit virtual assets to fund weapons of mass destruction. "The Hash" panel weighs in on the latest report.
