đ° CRYPTO NEWS
U.S. federal authorities are tightening the net around North Korea over large-scale cryptocurrency theft: the Department of Justice is seeking to recover up to $1.2 billion in stolen crypto linked to the North Korean regime. Among the schemes under investigation is the so-called FaceStealer, a hacking operation through which up to $400 million in digital assets, including funds from Binance, are believed to have been stolen. Authorities have already taken control of some of the technological infrastructure used to carry out these attacks, marking tangible progress in the fight against this type of state-sponsored cybercrime. This case once again puts the security of exchanges and the ability of state actors to infiltrate the crypto ecosystem at the center of the debate. Itâs worth asking: if governments like North Koreaâs can move billions in stolen funds for years without being detected, how prepared is the market to absorb the impact if those funds were suddenly moved?
What do you think? Iâm reading your comments đ
U.S. federal authorities are tightening the net around North Korea over large-scale cryptocurrency theft: the Department of Justice is seeking to recover up to $1.2 billion in stolen crypto linked to the North Korean regime. Among the schemes under investigation is the so-called FaceStealer, a hacking operation through which up to $400 million in digital assets, including funds from Binance, are believed to have been stolen. Authorities have already taken control of some of the technological infrastructure used to carry out these attacks, marking tangible progress in the fight against this type of state-sponsored cybercrime. This case once again puts the security of exchanges and the ability of state actors to infiltrate the crypto ecosystem at the center of the debate. Itâs worth asking: if governments like North Koreaâs can move billions in stolen funds for years without being detected, how prepared is the market to absorb the impact if those funds were suddenly moved?
What do you think? Iâm reading your comments đ