Connect with us

US Treasury Sanctions North Korean Hacker Teams for Cyber Assaults

cryptocurrency exponential technology news


US Treasury Sanctions North Korean Hacker Teams for Cyber Assaults

The USA Treasury Division introduced additional sanctions towards three North Korean state-sponsored hacker teams, liable for “North Korea’s malicious cyber exercise on important infrastructure.”

Proceed to implement present U.S. and U.N. sanctions towards North Korea

On Sept. 13, the U.S. Division of Treasury announced sanctions towards North Korean hacking teams, extra particularly the famend Lazarus group, and two lesser-known entities, Bluenoroff and Andariel. Sigal Mandelker, Treasury Beneath Secretary for Terrorism and Monetary Intelligence stated:

“Treasury is taking motion towards North Korean hacking teams which have been perpetrating cyber assaults to help illicit weapon and missile packages. […] We are going to proceed to implement present U.S. and UN sanctions towards North Korea and work with the worldwide group to enhance cybersecurity of economic networks.”

North Korea netted $2 billion by hacking banks and crypto exchanges

In August, Cointelegraph reported that the United Nations claimed that North Korea had netted round $2 billion by hacking banks and cryptocurrency exchanges. The U.N. Safety Council North Korea Sanctions Committee additional acknowledged that hackers shaped a necessary a part of North Korea’s authorities funding, reporting:

“Democratic Individuals’s Republic of Korea cyber actors, many working underneath the course of the Reconnaissance Basic Bureau, increase cash for its WMD (weapons of mass destruction) packages, with complete proceeds to this point estimated at as much as two billion US .” 

North Korea denies the U.N.’s accusations

On Sept. 1, Cointelegraph reported that North Korea’s official state media, the Korea Central Information Company (KCNA), denied allegations of huge theft by North Korean brokers. The KCNA cited a press release from the Nationwide Coordination Committee of the DPRK for Anti-Cash Laundering and Countering the Financing of Terrorism that accused the USA and different hostile forces of spreading slanderous rumors. It stated:


“Such a fabrication by the hostile forces is nothing however a type of a nasty recreation aimed toward tarnishing the picture of our Republic and discovering justification for sanctions and stress marketing campaign towards the DPRK.”  

The assertion additional added that the U.N. is “re-enacting the identical previous trick because the Hitler fascist propagandists used to cling to.”

More in Cryptocurrency

To Top