US authorities offer a $10M reward for info on North Korean money launderers

US authorities offer a $10M reward for info on North Korean money launderers

The US State Department has announced a reward of up to $10 million for information about new technologies used by North Korean hackers to launder money.

“The North Korean government launders stolen funds, including digital currency to support its nuclear and ballistic missile programs. If you have information on hackers targeting financial institutions, businesses and using cryptocurrency mixers on behalf of the government of North Korea … you could be eligible for a reward,” the State Department wrote in the announcement on X (former Twitter).

Last week, the US authorities seized the virtual currency mixer Sinbad.io allegedly used by the North Korean government-backed hacker group Lazarus for laundering assets stolen in multiple crypto heists. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions against Sindbad, describing the cryptocurrency mixer as “a key money-laundering tool” of Lazarus Group.

Additionally, the OFAC sanctioned the North Korean cyberespionage group Kimsuky for gathering intelligence to support North Korea’s strategic objectives, along with eight individuals associated with DPRK state-owned weapons exporters, financial institutions, and front companies. The US authorities also sanctioned two people involved in generating revenue for the North Korean government through the exportation of North Korean workers.


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