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Inside the international sting operation to catch North Korean crypto hackers

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"Over the last several years, North Korean hackers have stolen billions of dollars from banks and cryptocurrency firms, according to reports from the United Nations and private firms. As investigators and regulators have wised up, the North Korean regime has been trying increasingly elaborate ways to launder that stolen digital money into hard currency, US officials and private experts tell CNN. Cutting off North Korea’s cryptocurrency pipeline has quickly become a national security imperative for the US and South Korea. The regime’s ability to use the stolen digital money — or remittances from North Korean IT workers abroad — to fund its weapons programs is part of the regular set of intelligence products presented to senior US officials, including, sometimes, President Joe Biden, a senior US official said. The sting operation, described to CNN by private investigators at Chainalysis, a New York-based blockchain-tracking firm, and confirmed by the South Korean National Intelligence Service, offers a rare window into the murky world of cryptocurrency espionage — and the burgeoning effort to shut down what has become a multibillion-dollar business for North Korea’s authoritarian regime. Last year, a record $3.8 billion in cryptocurrency was stolen from around the world, according to Chainalysis. Nearly half of that, or $1.7 billion, was the work of North Korean-linked hackers, the firm said." 04/09/23 Check the full article copying the link: https://edition.cnn.com/2023/04/09/politics/north-korean-crypto-hackers-crackdown/index.html

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