New information about North Korean hackers and their use of crypto.
The North Korean cybercrime operator APT43 is using cloud computing to launder cryptocurrency, a report from cybersecurity service Mandiant has found. According to the researchers, the North Korean group uses “stolen crypto to mine for clean crypto.”
Mandiant, a Google subsidiary, has been tracking the North Korean Advanced Persistent Threat group since 2018 but has only now “graduated” the group to an independent identity. Mandiant characterized the group as a “major player” that often cooperated with other groups.that APT43 was likely engaged in raising funds for the North Korean regime and funding itself through its illicit operations.
“APT43 steals and launders enough cryptocurrency to buy operational infrastructure in a manner aligned with North Korea’s juche state ideology of self-reliance, therefore reducing fiscal strain on the central government.” The researchers detected the North Korean group’s “likely use of hash rental and cloud mining services to launder stolen cryptocurrency into clean cryptocurrency.”
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