The American authorities doubled the award, promising up to $10m to individuals who help them bring down North Korean cyber criminals.
The US State Department vowed to give up to $10 million to anyone who gives valuable information that could be used against North Korean cryptocurrency hacking collectives. The amount is double the previous bounty promised in March 2022.North Korean hacking groups have been a significant burden for the American authorities for years now. Such entities stood behind some of the biggest exploits in the recent past, draining millions of dollars worth of crypto from organizations.
The problems faced by the US State Department when battling those hackers might be because cyber criminals use sophisticated techniques to steal and launder cryptocurrencies. In February this year, the Center for a New American Security the Lazarus Group among the most advanced hackers worldwide, describing them as a “masterful army of cybercriminals and foreign affiliates.”four months ago. Back then, the agency argued that North Korean hackers attack crypto exchanges and financial institutions to steal funds, which later support the totalitarian regime in their homeland.A few weeks ago, the digital asset exchange aggregator – Coincub –that the East Asian country has become the world’s crypto hacking superpower.
Coincub further claimed that the Pyongyang government controlled all attacks, while some of the gang members could have a close relation to Kim Jong-un and his inner circle. The USA, Russia, China, and the UK are the other nations part of the top 5 where crypto hacking groups thrive.
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