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North Korean hackers have reportedly stolen nearly $2 billion from centralized crypto exchanges in the past year, laundering over $1.5 billion for the regime. Underground banking networks and complex transaction chains helped evade sanctions and detection.
- North Korean hackers stole $2B from exchanges, laundering $1.5B via underground networks and OTC brokers.
- TRM Labs found Chinese banking channels and crypto mixers helped evade sanctions and detection.
- ZachXBT highlights a 'crime supercycle,' with Tron-based illicit markets potentially worth $10B.
📎 Related coverage from: cryptoslate.com