According to the report, the main challenge for criminals in the wake of a fiat cyber heist is ensuring that ill-gotten gains are clean—making it difficult to tell those assets were from the proceeds of a crime. But the authors also found evidence of a “significant cybercrime group” converting cash obtained from ATM thefts into cryptocurrency, indicating that digital assets are being used to muddy the waters at a later stage.
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DoJ seizes gaming, real estate tokens from $250M North Korean hack
Along with bitcoin and ether, the U.S. Department of Justice found PlayGame and IHT Real Estate Protocol tokens among a cache seized from the pariah regime’s cyberwarfare thieves
The $272,000 seized was not a very large part of the amount seized, but it shows that the militarized hackers working for the Democratic People’s Republic of Korea are not too choosey about what they will pillage. The case involves hacks on at least 10 exchanges.
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The new Chainalysis crypto crime briefs highlight scams and companies that aren't under investigation—but should be (Photo: UIHere).Chainalysis crypto crime briefs highlight three sketchy firms
The blockchain intelligence firm reports on a dark web hosting site, a potential Ponzi scheme, and a sanction-busting cryptocurrency exchange linked to a ransomware gang
Blockchain intelligence firm Chainalysis' crypto crime briefs are designed to cast a spotlight on dubious organizations that could be of interest to law enforcement agencies, regulators, and cybersecurity experts.
