North Korean Hackers Embezzle $1.3 Billion Worth of Cryptocurrency


“As laid out in today’s indictment, North Korea’s operatives, using keyboards rather than guns, stealing digital wallets of cryptocurrency instead of sacks of cash, are the world’s leading bank robbers,” said Assistant Attorney General John C. Demers of the Justice Department’s National Security Division.

Mr. Demers added that the U.S. authorities are working on dismantling the hack and eradicating the malicious ransomware deployed by the Lazarus group. Demers added that authorities are working with agencies and “the family of norms abiding nations to do the same.”

North Korean authorities’ involvement in the hack

According to U.S. Secret Service Assistant Director Michael R. D’Ambrosio, the U.S. authorities are following up with the Lazarus group hack and its relation to the North Korean intelligence especially that cryptocurrencies schemes and hacks are becoming a concern to the nation.

“This case is a particularly striking example of the growing alliance between officials within some national governments and highly sophisticated cyber-criminals,” said Michael R. D’Ambrosio.