New North Korean Hacker Group Sanctioned Over Crypto Thefts In The US
The post New North Korean Hacker Group Sanctioned Over Crypto Thefts In The US appeared on BitcoinEthereumNews.com. Key Insights: The US government has just sanctioned two individuals and four Russian entities linked to the cyber crypto campaign. North Korean cyber attack operatives are more and more favoring infiltration over brute-force hacking. They have been responsible for billions being stolen from the crypto space in multiple events this year alone. The United States has imposed fresh sanctions on a new North Korea-backed cyber operation. This group has allegedly been using remote job applications to funnel stolen crypto funds into Kim Jong Un’s nuclear weapons program. The latest developments now show that North Korean cyber attacks are escalating from brute-force cyber attacks into infiltration and stealing funds from the inside. Here are the details. Infiltration Through Employment, Not Just Crypto Hacking North Korea’s cyber attacks have made headlines many times in the past for damaging hacks, including the notorious Lazarus Group’s involvement in some of the largest crypto thefts to date. However, according to recent findings by the US Treasury and blockchain analytics firm TRM Labs, the regime is now investing heavily in other methods. One of the most disturbing of these is the use of highly skilled IT workers posing as remote contractors. Today, the Treasury’s Office of Foreign Assets Control is taking action to stop individuals and entities that are enabling the Democratic People’s Republic of Korea (DPRK) IT worker schemes. The DPRK generates significant revenue for its WMD and ballistic missile programs by… — Treasury Department (@USTreasury) July 8, 2025 These contractors are used to secure employment in US-based blockchain and crypto companies and don’t just steal data: Instead, they pose as real employees by assuming the identities of US citizens. They exploit company access, plant malware and collect salaries that are funneled back to the North Korean government. According to reports, their work reportedly…
The post New North Korean Hacker Group Sanctioned Over Crypto Thefts In The US appeared on BitcoinEthereumNews.com.
Key Insights: The US government has just sanctioned two individuals and four Russian entities linked to the cyber crypto campaign. North Korean cyber attack operatives are more and more favoring infiltration over brute-force hacking. They have been responsible for billions being stolen from the crypto space in multiple events this year alone. The United States has imposed fresh sanctions on a new North Korea-backed cyber operation. This group has allegedly been using remote job applications to funnel stolen crypto funds into Kim Jong Un’s nuclear weapons program. The latest developments now show that North Korean cyber attacks are escalating from brute-force cyber attacks into infiltration and stealing funds from the inside. Here are the details. Infiltration Through Employment, Not Just Crypto Hacking North Korea’s cyber attacks have made headlines many times in the past for damaging hacks, including the notorious Lazarus Group’s involvement in some of the largest crypto thefts to date. However, according to recent findings by the US Treasury and blockchain analytics firm TRM Labs, the regime is now investing heavily in other methods. One of the most disturbing of these is the use of highly skilled IT workers posing as remote contractors. Today, the Treasury’s Office of Foreign Assets Control is taking action to stop individuals and entities that are enabling the Democratic People’s Republic of Korea (DPRK) IT worker schemes. The DPRK generates significant revenue for its WMD and ballistic missile programs by… — Treasury Department (@USTreasury) July 8, 2025 These contractors are used to secure employment in US-based blockchain and crypto companies and don’t just steal data: Instead, they pose as real employees by assuming the identities of US citizens. They exploit company access, plant malware and collect salaries that are funneled back to the North Korean government. According to reports, their work reportedly…
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