North Korean Hackers Stole Over $3 Billion in Crypto, U.S. Sanctions Bankers and IT Firms

Bitcoin Magazine North Korean Hackers Stole Over $3 Billion in Crypto, U.S. Sanctions Bankers and IT Firms

The U.S. Treasury Department on Tuesday sanctioned eight individuals and two entities connected to North Korea’s cybercrime operations. The move targets the flow of crypto stolen by DPRK hackers and laundered through overseas networks.

Over the past three years, North Korea-affiliated cybercriminals have stolen more than $3 billion, mostly in crypto, according to the Treasury Department. They used advanced malware, social engineering, and ransomware to hit banks, exchanges, and other digital platforms.

The U.S. Treasury said the funds help Pyongyang finance its nuclear weapons and missile programs.

“North Korean state-sponsored hackers steal and launder money to fund the regime’s