North Korean hackers who last month carried out one of the largest cryptocurrency thefts ever are still laundering their haul more than a week after they were identified as the thieves.
April 23, 2022, 5:46 PMWASHINGTON -
Authorities and major crypto industry players are scrambling to keep up. Treasury sanctioned three more addresses associated with the gang on Friday, as Binance, a large international crypto exchange, announced it had frozen $5.8 million worth of crypto the hackers had transferred onto its platform. Digital thieves are on track for a record-breaking year. They stole $1.3 billion worth of cryptocurrency in the first three months of the year, after seizing $3.2 billion in 2021, according to blockchain data firm Chainalysis. Hackers pulled off another major heist last Sunday, stealing about $76 million worth of digital assets from a crypto project called Beanstalk, according to Etherscan data.
U.S. authorities are also continuing to target Russian cybercriminals and the crypto platforms they rely on to enable their attacks. Earlier this month, U.S. law enforcement announced the shutdown of Russia-based Hydra Market, a darknet marketplace allegedly selling hacked personal info, drugs and hacking services.
In a statement, Tether said that it "conducts constant market monitoring to ensure that there are no irregular movements or measures that might be in contravention of applicable international sanctions." Chatex didn't respond to requests for comment.
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