Tag: Lazarus Group

Unites States against the Russian crypto industryT
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September 16, 2023

The U.S. War Against The Russian Crypto Industry!

Before Western sanctions against Russia over the Ukraine invasion began in February 2022, U.S. authorities were cracking down on the Russian crypto scene. Since the beginning of the new sanctions in 2022, the American approach against the Russian crypto scene, which is under general suspicion of money laundering and sanctions violations, has intensified and is bringing charges against Russian crypto schemes and their masterminds.
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Crypto payment processor CoinsPaid recovered from crypto heistC
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August 3, 2023

CoinsPaid Recovered From Lazarus Crypto Heist, All Payment Requests Successfully Processed!

As reported by FinTelegram, the crypto payment processor CoinsPaid has been hacked by the North Korean cybercrime racket Lazarus Group. The company reported that approximately $37 million in cryptocurrency was stolen in this crypto heist. Recently, CoinsPaid announced a near-complete recovery of its weekly transaction volume. The company used data from the Crystal Blockchain service to illustrate its recovery progress.
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Lazarus Group allegedly stole $37 million from CoinsPaidC
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July 30, 2023

Crypto Heist: Lazarus Group Allegedly Stole $37M From CoinsPaid In A Cyberattack!

Estonia-based crypto payment processor CoinsPaid, controlled by the Austrian national Alexander Horst Riedinger and his Ukraine partner Max Krupyshev, has reported that approximately $37 million in cryptocurrency was stolen in a cyberattack likely orchestrated by the North Korean Lazarus Group. The company suspended automatic transactions and began moving the systems to new infrastructure.
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German prosecutors charge P2P with money launderingT
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June 14, 2023

The $100 Million Atomic Wallet Crypto Heist And The Russian Crypto Exchange Garantex

Blockchain security and compliance firm Elliptic has provided an update on the $100 million stolen from Atomic Wallet, implicating the Lazarus Group, a North Korean hacking collective, as the likely perpetrators behind the attack. The group allegedly used the Russian-based crypto exchange Garantex, which is under U.S. sanctions, to launder the stolen assets. Lazarus evidently managed to find alternative ways to convert its assets into Bitcoin.
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Department of Treasury sanctions crypto mixer Tornado CashU
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August 9, 2022

U.S. Department Of Treasury Sanctioned Crypto Mixer Tornado Cash!

The U.S. Department of Treasury ’s Office of Foreign Assets Control (OFAC) sanctioned crypto mixer Tornado Cash saying it laundered more than $7 billion of cybercrime proceeds since its creation in 2019. Crypto asset mixers are designed to obscure funds trails by blending someone’s tokens with a pool of other individuals’ assets on the platform. The U.S. government says Tornado Cash fosters illicit activity. The Tornado Cash website is offline!
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