Cryptocurrency exchanges Binance and Huobi have frozen cryptocurrencies worth approximately $1.4 million linked to North Korea. crypto
Elliptic investigators traced the funds’ complete trail through the mixer, and attributed the hack to the Lazarus Group, a North Korea-controlled cybercrime organization. The Federal Bureau of Investigation later confirmed Lazarus Group’s involvement in the hack. Elliptic continued:
The stolen funds remained dormant until recently, when our investigators began to see them funneled through complex chains of transactions to exchanges.Today, money laundering was detected and stolen funds linked to North Korea were frozen, in real time. “As an industry we have the power and responsibility to prevent digital assets becoming a haven for money launderers and sanctions evaders, and ensure that they are a force for good,” the CEO added.
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