{"id":12941,"date":"2023-08-23T13:44:56","date_gmt":"2023-08-23T13:44:56","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=12941"},"modified":"2023-08-23T13:44:56","modified_gmt":"2023-08-23T13:44:56","slug":"fbi-warns-crypto-firms-of-north-korea-move-to-cash-out-40m-in-stolen-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=12941","title":{"rendered":"FBI warns crypto firms of North Korea move to cash out $40M in stolen Bitcoin"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>The U.S. Federal Bureau of Investigation (FBI) warned crypto companies that North Korea may soon attempt to cash out some of its illegally acquired Bitcoin worth more than $40 million.<\/p>\n<p>In an Aug. 22 notice, the law enforcement agency revealed that North Korea-linked TraderTraitor-affiliated actors, including Lazarus Group and APT38, consolidated 1,580 BTC into six wallets during the last 24 hours.<\/p>\n<p>North Korea-linked Bitcoin Wallets (Source: FBI)<\/p>\n<p>&#8220;Private sector entities should examine the blockchain data associated with these addresses and be vigilant in guarding against transactions directly with, or derived from, the addresses,&#8221; part of the statement reads. &#8220;The FBI will continue to expose and combat the DPRK&#8217;s use of illicit activities\u2014including cybercrime and virtual currency theft\u2014to generate revenue for the regime.&#8221;<\/p>\n<h2>North Korea&#8217;s crypto thefts<\/h2>\n<p>North Korea&#8217;s involvement in illicit cryptocurrency activities, mainly through state-supported actors like the Lazarus hacking group, has raised concerns from authorities worldwide. A <em>CryptoSlate<\/em> report revealed that North Korean-backed hackers had stolen $497 million in cryptocurrencies from U.S. businesses since 2017.<\/p>\n<p>Last year, Lazarus Group orchestrated two notable blockchain attacks, targeting \u00a0Horizon Bridge\u00a0and\u00a0Ronin Bridge. Besides that, the North Korean-backed hacker groups have also been linked to several major cryptocurrency security breaches this year. They include a $60 million attack on the cryptocurrency payment service Alphapo in July, a $37 million theft from CoinsPaid in June, and a staggering sum exceeding $100 million stolen from Atomic Wallet at the beginning of the same month.<\/p>\n<p>In May, the U.S. Treasury&#8217;s Office of Foreign Assets Control (OFAC) sanctioned several addresses linked to North Korea, with Binance helping the U.S. Treasury seize $4.4 million from related individuals.<\/p>\n<p>Before then, a British national, Christopher Douglas Emms, who helped North Korea evade imposed sanctions via crypto, was arrested in Moscow by the Russian Bureau of Interpol.<\/p>\n<p>The post FBI warns crypto firms of North Korea move to cash out $40M in stolen Bitcoin appeared first on CryptoSlate.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/fbi-warns-crypto-firms-of-north-koreas-move-to-cash-out-40m-in-stolen-bitcoin\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Federal Bureau of Investigation (FBI) warned crypto companies that North Korea may soon attempt to cash out some of its illegally acquired Bitcoin worth more than $40 million. In an Aug. 22 notice, the law enforcement agency revealed that North Korea-linked TraderTraitor-affiliated actors, including Lazarus Group and APT38, consolidated 1,580 BTC into six [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-12941","post","type-post","status-publish","format-standard","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12941"}],"version-history":[{"count":0,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12941\/revisions"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}