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CryptoIntelligence 2024-05-16 03:55:47

North Korean Hackers Launder $150 Million in Stolen Cryptocurrency Using Tornado Cash, UN Report Reveals

In a confidential report by the United Nations (UN), it was revealed that North Korean entities, particularly the Lazarus Group, utilized the cryptocurrency privacy tool Tornado Cash to launder approximately $150 million in stolen cryptocurrency assets. The report, which was accessed by Reuters, highlights a significant breach involving dormant crypto assets linked to the group, traced back to North Korea in March 2023. The illicit activity commenced when North Korean hackers infiltrated HTX, a cryptocurrency exchange owned by Tron founder Justin Sun, extracting $147.5 million in cryptocurrencies. This amount was covertly transferred into North Korea over the course of a

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