A market intelligence firm says that hackers from North Korea are using Russian crypto exchanges known to launder money to move stolen digital assets.
In a new blog post, crypto analytics platform Chainalysis says on-chain data reveals that hacking groups linked with North Korea are using Russian crypto exchanges to launder funds stolen from the exploitation of decentralized app project Harmony (ONE) earlier this year.
“In the wake of a historic arms meeting between Kim Jung-un and Vladimir Putin, on-chain data reveals disturbing information: Democratic People’s Republic of Korea (DPRK)-linked hacking groups are increasing their use of Russia-based exchanges known to launder illicit crypto assets.
This development comes as independent sanctions monitors are raising alarms about North Korea’s evolving tactics in cyber warfare. A