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Breaking News – North Korea now using untraceable cryptocurrency for sanctions evasion | NK News
North Korea has started using nearly untraceable cryptocurrencies to convert stolen funds into cash and evade sanctions, according to an unpublished U.N. Panel of Experts report obtained by NK News. Experts estimate that hackers linked to the DPRK stole a total of $1.5 billion in cryptocurrency, some of which was exchanged for cash. According to the report, “DPRK cyber actors have engaged in trading multiple forms of virtual currency, to include the use of several forms of alternative coins (‘al…
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CEO Eckelberry discusses how the world could better recycle waste water and deal with the coming water crisis by using BitCoin-based technology. (There is no assurance that OCLN will have an involvement).
Vechain(VET)’s big North American Partnership, is it Amazon,IBM, target, etc?
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Anthony G. Adams, creator of RotoHive and the Roto ($ROTO) ERC-20 token, presents an overview of the fantasy sports project at the North Texas Blockchain Alliance’s 2nd annual showcase event. November 2018.
5) Trump and Kim sign a document; 4) G7 becomes G6 + US; 3) More volcanoes rumbling; 2) Bitcoin value artificially inflated; 1) DOJ busts 2,300 suspected online child sex offenders.
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0:00:00 Cryptocurrency Used to Fund North Korean Weapons Program, Says US Treasury
0:00:05 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.
0:00:11 The US Treasury Department has just announced new sanctions against online criminal groups based in North Korea.
0:00:18 The groups have reportedly conducted cryptocurrency ransomware attacks and other cyber crimes aimed at subverting international sanctions against the state.
0:00:26 The US Treasury believes these attacks are directly funding the North Korean missile programme.
0:00:32 This presents those companies affected by ransomware with a tough choice – lose access to crucial data for good or fund a potentially dangerous nation’s military preparations.
0:00:41 According to a press release published earlier today by the US Department of the Treasury, there are to be new sanctions against North Korean hackers groups believed to be funding the nation’s missile programme using various criminals means.
0:00:54 This has included hacking of cryptocurrency exchanges and ransomware attacks.
0:00:58 The release names three such groups explicitly: “Lazarus Group,” “Bluenoroff,” and “Andariel”.
0:01:04 It goes on to state that the agency believes these groups to be directly linked to the North Korean government.
0:01:10 From today, the US Department of the Treasury’s Office of Foreign Assets Control has officially banned dealings of US citizens or financial institutions with the groups mentioned.
0:01:20 Of the groups mentioned, the Lazarus Group are perhaps most well known.
0:01:24 Lazarus is thought to have gone after high profile institutional targets.
0:01:28 These include government, military, and financial institutions, as well as other large companies involved with shipping, critical infrastructure, and publishing.
0:01:37 Thanks for watching this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.
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Strategy Shift: North Korean Hackers Take Aim at Individual Crypto Investors
Faced with depleted reserves and having been hit with sanctions aimed at its illegal nuclear weapons program, North Korean hackers have a new strategy for growing the country’s cash reserves — steal crypto holdings from individual investors. According to a report from the South China Morning Post (S…
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