DPRK Hackers Use Russian Exchanges to Launder  $21M from Harmony: Data

• North Korean hackers intensified using Russian exchanges to launder stolen funds.
• The value of stolen crypto linked to DPRK groups has exceeded $340 million this year.
• Russia’s help for North Korean hackers poses a challenge for global authorities.

According to blockchain security research firm Chainalysis, Democratic People’s Republic of Korea (DPRK)-linked hacking groups are intensifying their utilization of Russia-based crypto exchanges known for laundering illicit digital assets.

Chainalysis noted that the trend coincides with growing concerns from independent sanctions monitors regarding North Korea’s evolving tactics in cyber warfare. It cited that an upcoming United Nations report is set to caution that DPRK is employing increasingly sophisticated cyberattacks to finance its nuclear missile programs.

Additionally, the research firm argued that the “state-sponsored” hacking groups have been targeting crypto and financial exchanges on a global scale.

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