“Most experts agree the North Korean government is using these stolen currencies to fund its nuclear weapons programs. “For context, North Korea’s total exports in 2020 totalled $142 million worth of goods, so it isn’t a stretch to say that cryptocurrency hacking is a sizable chunk of the nation’s economy,” Chainalysis said. North Korean cybercrime syndicate Lazarus Group was linked to $US1.7 billion of cryptocurrency stolen by hackers in 2022. “The treatment – sanctions on North Korea – in some sense is the drive of further bad action,” Ms Mansted said.Īccording to blockchain analysis firm Chainalysis, $US3.8 billion was stolen from cryptocurrency businesses by hackers last year, including $US775.7 million in October. North Korea has since turned its focus to cryptocurrency, due to its lack of oversight and security compared with banks They started out focused on more traditional banks,” Ms Mansted said, noting Lazarus nearly pulled off a $1 billion hack of the Bank of Bangladesh in 2016. “As Western sanctions have bitten since 2006, North Korea has progressively invested more and more in cyber capability. Ms Mansted said Lazarus and the North Korean government engaged in espionage and stealing information, but one of the biggest focuses was financially motivated attacks. However, it is one of the big four foreign hacking powers Australia would worry about.” “The country has more or less the same population as Australia, but fewer than 1000 internet connections. This amount includes, but is not limited to, approximately $US60 million of virtual currency from Alphapo and CoinsPaid on or about July 22, 2023, and approximately US$100 million of virtual currency from Atomic Wallet on or about June 2, 2023.”ĬyberCX executive director of cyber intelligence and public policy Katherine Mansted said North Korea’s hacking capabilities can sometimes be underestimated. “In 2023 alone, DPRK cyber actors have stolen more than $US200 million. “These same DPRK actors are also responsible for several other high-profile international virtual currency heists. Trump on gag order in Jan.“The FBI investigation has revealed that DPRK cyber actors moved stolen funds associated with the Ethereum, Binance Smart Chain (BSC), and Polygon networks from ,” the FBI said in a statement. Rite Aid plans to close over 150 stores after bankruptcy filing: Is yours on. Wexner Foundation ‘sickened’ by Harvard’s response to Hamas attack, cuts.

McConnell pushes back on Trump over Hezbollah and Netanyahu: ‘I can’t. Georgia judge declines to toss Chesebro, Powell charges days before trial Judge cites ‘significant and immediate risk’ Trump comments pose in Jan. Speaker math: Breaking down how many votes Jordan needs Jordan calls for unity after failing to secure Speakership Kinzinger says vote against Jordan ‘almost’ as big as Jan. Jordan failure renews calls to give powers to McHenry Senate rankings: The 5 seats most likely to flip Top Iranian envoy warns ‘preemptive action’ against Israel expected soon ĭOJ appeals sentences of Proud Boys members Top universities facing antisemitism accusations, losing long-time donors amid. Here are the 20 Republicans who voted against Jordan for Speaker Next Speaker vote pushed to Wednesday after Jordan falls short: Live updates Now, its apparently expanding into ransomware. It was behind the WannaCry worm, the theft of 81 million from a Bangladesh bank and the attack on Sony Pictures.

“I think it’s important that everybody have an opportunity to take in what’s happening and then make a collective decision when we get back,” Joyce said.ĭemocrat blisters Jordan in nominating Jeffries The Lazarus Group has been tied to several high-profile attacks. Joyce said he supported “ground-up” decisions, so he was happy the GOP conference decided to return next week to try and elect the next speaker, rather than proceeding with another vote immediately. Matt Gaetz (R-Fla.), but seven other Republican members joined Gaetz and every Democratic member to remove McCarthy from his post in a 216-210 vote. The vote was brought to the floor by Rep. Joyce’s comments come the day after the House voted for the first time to remove the Speaker of the House. “I don’t see how they can really be part of a conference when … they come on the inside, listen to what’s going on, and go outside and lob bombs in the middle,” Joyce said in the interview. Joyce, who chairs the moderate caucus known as the Republican Governance Group, criticized his Republican colleagues for participating in conference meetings and then voting against the group’s agenda. “And I think we need to start working and, going forward, as a unified group.” “It’s a waste of time having conversations with these people,” he added.

Lazarus group profile