- North Korean authorities arrested former military hackers for stealing state funds from two banks and laundering money through cryptocurrency.
- The group allegedly breached Central Bank and Foreign Trade Bank systems, moved funds to overseas crypto wallets, and used Chinese brokers to convert crypto to cash.
- The hackers split transfers into small amounts and used encrypted apps, unregistered phones, and Chinese wireless equipment to evade detection.
- North Korean hackers account for a significant majority of global crypto hack and scam losses, stealing a record $2 billion in crypto last year.