Ethereum Foundation Program Identifies 100 DPRK-Linked Crypto Workers
An open-source detection tool and an industry-standard identification framework — those were among the outputs of a single researcher working on a six-month stipend. Related Reading: Tether Expands Bitcoin Bet, Holdings Hit $7.2B After $70M Purchase The findings, published by the Ethereum Foundation, came out of a program called ETH Rangers, which was set up […]
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The Ethereum Foundation exposed 100 Democratic People’s Republic of Korea (DPRK)‑linked IT workers embedded across roughly 53 crypto projects. Ethereum Foundation Levels Up Its Security With A Detective Program The North Korean secret crypto-agents don’t rest, so the Ethereum Foundation decided it was time they put on the detective’s hat to track them before they […]
According to the US Government, North Korean IT workers are flooding the freelance market. It’s illegal for US businesses to employ them, but, what if they have no idea they’re doing it? In this new remote work world we’re living in, it’s completely possible. The North Korean workers are targeting all kinds of technology-focused businesses, but of course, the CNN report on the matter focused on cryptocurrency firms. “It’s an elaborate money-making scheme that relies on front companies, contractors and deception to prey on a volatile industry that is always on the hunt for top talent.....
Government lawyers implied that citizens could legally pass along nuclear secrets to North Korea if held to the same standards as Griffith. Lawyers representing the United States government have filed a legal memo opposing the dismissal of charges for Virgil Griffith, a former Ethereum Foundation researcher accused of conspiring to violate U.S. sanctions against the Democratic People's Republic of Korea, or DPRK.According to court records filed Nov. 19 in the Southern District of New York, prosecutors’ referred to Griffith’s Oct. 22 argument to dismiss the charges against him as....
The US Treasury (OFAC) has sanctioned six individuals and two entities tied to the Democratic People’s Republic of Korea (DPRK) IT‑worker schemes that allegedly generated nearly $800 million in 2024. US Vs. DPRK Over Crypto Fraud Crypto is once again at the center of Washington’s latest sanctions push. On an official press release on March 12, the US Treasury announced that they have blacklisted a North Korean IT‑worker network accused of routing nearly $800 million through digital assets to fund weapons programs in 2024. The Secretary of the Treasury Scott Bessent, quoted on the....
While North Korea leads the world in crypto crime, crypto analytic firms have estimated that DPRK hackers have found it increasingly difficult to launder stolen crypto funds. North Korea leads the world in crypto crime, with over 15 documented instances of cyber theft amounting to $1.59 billion in stolen funds. However, the recent crypto market turmoil has wiped out millions of dollars from the country’s stolen crypto portfolio.The crypto market rundown that started in May wiped out hundreds of billions of dollars from the crypto industry, where most of the crypto assets fell by over 70%....