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North Korea arrests crypto laundering bank hackers

North Korea arrests ex-cyber operators for hacking central bank, Foreign Trade Bank, laundering crypto via China.

  • North Korean authorities arrested a group of former state cyber operators and IT specialists for allegedly Hacking the country’s central bank and the Foreign Trade Bank.
  • The group reportedly converted stolen state funds into cryptocurrency and laundered the assets through China-based brokers.
  • South Korean outlet Daily NK published the report on Thursday, citing an anonymous source in Pyongyang; Cointelegraph could not independently verify the claims.

North Korean authorities have reportedly detained a group of former state cyber operators and IT specialists accused of hacking two state banks and laundering stolen funds through cryptocurrency. Daily NK reported Thursday, citing an anonymous source in Pyongyang, that the group allegedly infiltrated the internal networks of the central bank and the Foreign Trade Bank.

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The stolen state funds were converted into cryptocurrency before being laundered through China-based brokers. Cointelegraph could not independently verify the report.

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