FBI Warns of North Korean Affiliates’ Suspected Involvement in $

The U.S. Federal Bureau of Investigation warns that North Korea may attempt to cash out stolen cryptocurrency worth more than $40 million.

North Korea is known to blur the lines between cyber warfare, espionage, and financial crimes.

Previous examples include the $60 million theft of virtual currency from Alphapo on June 22, 2023, the $37 million loss of virtual currencies from CoinsPaid on June 23,2023, and the $100 million Theft of Virtual Currency from Atomic Wallet on June 2, 20223.The cluster shares overlap with another North Korean group dubbed APT38 and is part of the larger Lazarus constellation.

Google-owned Mandiant, last month, also connected TraderTraitor to UNC4899, a hacking crew attributed to the JumpCloud breach in late June 2023.

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