• The FBI has issued a warning to cryptocurrency companies regarding recent blockchain activities linked to the theft of hundreds of millions of dollars by the Democratic People’s Republic of Korea (DPRK).
• Around 1,580 bitcoins (BTC) – valued at over $40 million – were stolen by the DPRK and held in six Bitcoin addresses.
• The FBI stated that it will continue to combat the DPRK’s use of illicit activities, including cybercrime and virtual currency theft, to generate revenue.
Crypto Assets Struggling Against Cyber Crimes
Crypto assets are having a hard time fighting against big institutions on cyber crimes, and currency theft. Last year FTX collapsed and this year US exchanges like Binance and Coinbase have been accused of mismanaging customer funds.
FBI Issues Warning Regarding DPRK Involvement in Crypto Theft
The FBI has now issued a warning to cryptocurrency companies regarding recent blockchain activities linked to the theft of hundreds of millions of dollars by the Democratic People’s Republic of Korea (DPRK). Hacker groups Lazarus and APT38 have been implicated in high-profile crypto heists, including the colossal Ronin Network attack.
Six Illicit Accounts Tracked, $40M at Stake
The FBI has tracked around 1,580 bitcoins (BTC) – valued at over $40 million – stolen by the DPRK and held in six Bitcoin addresses. There is a possibility that the DPRK might try to liquidate these digital assets. Private sector entities have been advised to examine the blockchain data linked to these provided addresses and be cautious against transactions related to them.
FBI Calls for Action from Private Sector Entities
Private sector entities are advised to examine the blockchain data linked to the provided addresses and be cautious against transactions related to them. The FBI also stated that it will continue its efforts in combating DPRK’s use of illicit activities such as cybercrime and virtual currency theft for generating revenue.
Thailand Warns Facebook Over Crypto Scams!
Recently Thailand warned Facebook about crypto scams that are taking place on its platform so as not become an outlet for fraudulent activity.