The US Treasury Department has imposed sanctions on two individuals and one entity for their involvement in laundering cryptocurrencies for the North Korean Democratic People’s Republic of Korea (DPRK).
Despite sanctions against Tornado Cash, North Korea’s Lazarus Group has returned to using the crypto mixer to launder stolen funds from hacks.
According to a report by TRM Labs, hackers connected to North Korea have stolen at least $600 million.
Since 2017, North Korean hackers have managed to steal approximately $3 billion worth of digital assets, with $1.7 billion of that being stolen in just the last year.
According to analysts at 21.co, North Korean hackers belonging to the Lazarus Group have a combined total of at least $47 million worth of various cryptocurrencies.
South Korean President Yoon Suk Yeol has issued instructions to have a bill drafted that will contain practical measures to bolster South Korea’s national security by tracking and freezing cryptocurrencies and other virtual assets used by North Korea.
North Korean hackers stole a record amount of cryptocurrencies last year.
