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Bitcoin experienced a significant dip, falling over 12% to $92,762, amid concerns over North Korean hacking activities linked to the decentralized exchange Hyperliquid. Despite blockchain security expert Taylor Monahan's warnings, Hyperliquid stated there was no threat, yet the exchange faced nearly $113 million in outflows and its native token, HYPE, dropped nearly 20%. The U.S. Treasury continues to target North Korea's digital asset money laundering networks, emphasizing the regime's use of complex schemes to fund its weapons programs.
The U.S. Treasury has sanctioned two individuals, Lu Huaying and Zhang Jian, for their involvement in a North Korean crypto money laundering network that funds the regime's weapons programs. The sanctions freeze their assets and prohibit American businesses from engaging with them. Additionally, the FBI warns that North Korean cybercriminals are increasingly targeting cryptocurrency firms, employing sophisticated social engineering tactics to steal digital assets.
Bradley T Smith
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bitcoin and crypto markets decline amid north korean hacking concerns
20:05 23.12.2024
us treasury sanctions individuals linked to north korean crypto money laundering
22:38 17.12.2024
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