north korea Archives

Binance, Huobi freeze $1.4m of crypto tied to North Korean hackers

Crypto exchanges Binance and Huobi have frozen accounts linked to a $100 million (£83m) hack carried out by Lazarus Group, a hacking group located in North Korea, in June 2022.

Close to $1.4 million (£1.17m) of crypto was frozen across both exchanges that were originally stolen last year in an attack on the Harmony Horizon cross-chain bridge.

The accounts were identified following an investigation by blockchain analytics firm Elliptic, according to a 14 February report...

15 February 2023 | Altcoins

North Korea’s stash of stolen crypto has plunged in value

Victims of North Korea-linked crypto thefts may take some comfort in knowing that connected wallets have plunged in value.

Despite the recent drawdown, the exponential rise in the value of cryptocurrencies over the past decade has made them key targets. Hackers are regularly seeking to obtain cryptocurrencies through hacks and ransomware campaigns.

Fortunately, transactions on most blockchains are easy to track. Wallets connected with North Korean hacking groups like...