CoinDesk·3 min read·medium
North Korea arrests hackers accused of laundering stolen funds from country's bank via crypto
F
Francisco Rodrigues
✦AI Summary
North Korean authorities have arrested a group of hackers accused of stealing and laundering state funds through cryptocurrency. The suspects allegedly bypassed internal bank security and used Chinese brokers to convert stolen crypto into fiat currency.
The group, according to a Daily NK report citing an anonymous source in Pyongyang, allegedly breached the internal systems of the Central Bank of the DPRK and Foreign Trade Bank, diverted foreign currency and state trade funds, and moved the money into overseas crypto wallets.
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