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US seizes $500,000 in ransomware and crypto payments from North Korean hackers

US seizes $500,000 in ransomware and crypto payments from North Korean hackers

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Answer US seizes $500,000 in ransomware and crypto payments from North Korean hackers

The US Department of Justice has seized nearly $500,000 in digital payments and cryptocurrency from ransomware attacks launched by North Korean hackers.

Deputy Attorney General, Lisa Monaco, stated that the US authorities have begun returning funds to the victims concerned.

North Korean hackers attacked healthcare facilities in Kansas and Colorado last year by encrypting their computer systems.

Later, a complaint filed by the unnamed Kansas facility allowed the FBI to look into the matter and identify a new type of ransomware used by North Korean hackers.

mentioned CNN reported that US authorities have seized ransom payments and cryptocurrency from money launderers in China working for the North Koreans.

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The news came on the heels of the US authorities’ advance warning that North Korea aims to use ransomware to disrupt health services for extended periods.

Half a million were seized because the FBI, Secret Service, and the Treasury Department could track cryptocurrency payments made by criminal groups, including funds involved in violating US sanctions.

The deputy attorney general has urged more companies to step up efforts to report similar ransomware attacks to the FBI while acknowledging the increasing difficulty of recovering ransomware payments made by US companies to perpetrators from Russia, Eastern Europe and more.

North Korean hackers are notorious for their ability to break into weak encryption protocols and steal hundreds of millions of digital assets.

There are many examples of hacking and thefts, including the Harmony’s Horizon Bridge exploit, which is reported to be the Lazarus Group, a notorious hacker group backed by Pyongyang, who was also behind the $620 million hack of Axie Infinity’s Ronin Bridge. ” in March.

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Of the $100 million in Ethereum stolen from Harmony, more than 40% of the fund was transferred to the Tornado Cash mixing platform.

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