US Accuses Three North Korean of Crypto-Related Hacks

US prosecutors have filed charges against three North Korean hackers, accusing them of numerous cybercrimes and hacking into hundreds of companies, including cryptocurrency firms.

February 18, 2021 | AtoZ Markets – The US Department of Justice (DoJ) announced on February 17 that it has indicted three North Korean hackers. In the announcement, Assistant Secretary of Justice John Demars accused the North Korean government of hacking programs.

US Says North Korean Hackers Stole More Than $1.3 billion

According to the Justice Department, programmers John Chan Hyuk, Kim Il, and Park Chin Hyuk worked for the North Korean intelligence services and were involved in cyberattacks.

They are suspected of a variety of crimes, including an attack on Sony Pictures Entertainment, attempts to hack bank networks in Vietnam, Bangladesh, Taiwan, Mexico, Malta, and Africa, the distribution of ransomware, and identity theft.

The defendants are also allegedly responsible for the attacks of the WannaCry virus, the creation of many malicious cryptocurrency applications, attacks on industry representatives, and the theft of “tens of millions of dollars” of cryptocurrencies.

“North Korean hackers using keyboards rather than weapons steal digital wallets with cryptocurrency instead of bags of cash and are the main bank robbers in the world,” said Assistant Attorney General John Demers.

The total damage from the actions of the suspects amounted to more than $1.3 billion. In addition, a citizen of the United States and Canada pleaded guilty to laundering some of the funds stolen by hackers.

Recall, according to the UN report, North Korea used the stolen cryptocurrencies to improve nuclear weapons and ballistic missiles.

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