North Korean Hackers Launder Looted Crypto via Asian Game Firm
The Unseen Ties: How a Cambodian Payment Firm Got Entangled with North Korean Hackers An intriguing discovery has revealed a connection between a notable payment company in Cambodia and a notorious group of North Korean hackers This raises red flags about the broader issues of cybercrime, international security, and the challenges of regulating the burgeoning world of cryptocurrency The Cryptocurrency Connection In an unexpected turn of events, Huione Pay, a company based in Phnom Penh specializing in currency exchange and remittance services, was found to have received over $150,000 in cryptocurrency from a wallet linked to the Lazarus group Notoriously known for their cyber exploits, the Lazarus group, which has ties to North Korea, has made headlines for orchestraysing sizable cryptocurrency thefts, including the high-profile attacks on Atomic Wallet, CoinsPaid, and Alphapo in 2023, where they pilfered around $160 million Despite these dealings, Huione Pay has claimed ignorance regarding the origin of the funds, pointing to the intricate nature of cryptocurrency transactions...
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