U.S., Japan, and South Korea Tackle North Korea’s Crypto Crimes
The
United
States,
Japan,
and
South
Korea
have
come
together
in
a
coordinated
effort
to
combat
cryptocurrency
theft
operations
linked
to
North
Korea.
These
activities,
which
have
been
tied
to
the
Democratic
People’s
Republic
of
Korea
(DPRK),
represent
a
significant
threat
to
the
global
financial
system
and
security.
This
alliance
aims
to
disrupt
North
Korea’s
ability
to
fund
its
weapons
programs
and
cybercrime
activities
through
stolen
funds.
Joint
Action
Against
Cybercrime
A
collective
statement
issued
by
the
three
nations
highlights
the
growing
risks
associated
with
DPRK-backed
cyber
operations.
These
operations
are
carried
out
by
advanced
persistent
threat
groups,
including
the
notorious
Lazarus
Group,
which
has
been
specifically
designated
by
authorities
in
the
U.S.,
Japan,
and
South
Korea.
The
statement
emphasizes
that
these
groups
engage
in
widespread
malicious
activities,
targeting
cryptocurrency
exchanges,
digital
asset
custodians,
and
individual
users.
Such
actions
are
part
of
North
Korea’s
broader
strategy
to
steal
cryptocurrency
and
generate
illicit
revenue.
High-profile
incidents
attributed
to
the
Lazarus
Group
include
the
theft
of
$308
million
from
DMM
Bitcoin,
$50
million
from
Upbit,
and
$16.13
million
from
Rain
Management
in
2024.
Additionally,
the
group
has
employed
cyber
tactics
such
as
deploying
malware
via
social
engineering
campaigns.
These
methods
have
facilitated
other
significant
thefts,
including
$235
million
from
Wazirx
and
$50
million
from
Radiant
Capital,
as
detailed
in
the
joint
announcement.
Enhancing
Collaboration
to
Counter
Threats
Acknowledging
the
severity
of
these
threats,
the
three
nations
stressed
the
importance
of
enhanced
cooperation
between
their
public
and
private
sectors.
Such
collaboration
is
essential
to
disrupt
these
cybercrime
operations
effectively,
safeguard
business
interests,
and
maintain
the
integrity
of
the
international
financial
system.
Key
initiatives
highlighted
in
the
statement
include
the
U.S.
Illicit
Virtual
Asset
Notification
program
and
Japan’s
partnership
with
the
Japan
Virtual
and
Crypto
Assets
Exchange
Association.
These
programs
aim
to
bolster
industry
resilience
against
cyberattacks.
Furthermore,
South
Korea
and
the
U.S.
have
jointly
hosted
symposiums
designed
to
strengthen
partnerships
between
public
and
private
stakeholders,
emphasizing
the
need
for
a
united
front
against
cybercriminal
activities.
The
US,
Japan,
and
South
Korea
have
issued
a
joint
statement
on
DPRK
cyber
threats,
linking
North
Korea
to
$659M
in
crypto
thefts,
including
$235M
tied
to
WazirX.
Collaborative
efforts
are
underway
to
recover
stolen
funds
and
strengthen
global
financial
security.Read
more
????…
pic.twitter.com/WTMEQ8WUgN—
WazirX:
India
Ka
Bitcoin
Exchange
(@WazirXIndia)
January
14,
2025
A
Unified
Commitment
to
Cybersecurity
The
trilateral
alliance’s
efforts
underscore
a
shared
commitment
to
countering
North
Korea’s
malicious
cyber
activities.
The
statement
affirms
that
the
United
States,
Japan,
and
South
Korea
will
continue
to
impose
sanctions
on
DPRK
cyber
actors
and
work
collaboratively
to
enhance
cybersecurity
across
the
Indo-Pacific
region.
This
includes
initiatives
aimed
at
building
cybersecurity
capacity
and
preventing
illicit
revenue
generation
by
the
DPRK.
By
pooling
resources
and
expertise,
the
three
countries
are
determined
to
neutralize
the
threats
posed
by
North
Korea’s
crypto
theft
schemes,
ensuring
greater
security
and
stability
for
the
global
financial
ecosystem.
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To
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MIND
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Related
News
Newest
Meme
Coin
ICO
–
Wall
Street
Pepe
-
Audited
By
Coinsult -
Early
Access
Presale
Round -
Private
Trading
Alpha
For
$WEPE
Army -
Staking
Pool
–
High
Dynamic
APY
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