News Explorer — North Korean Hackers Are Using Russian Exchanges to Launder Stolen Funds: Chainalysis

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North Korean Hackers Are Using Russian Exchanges to Launder Stolen Funds: Chainalysis

North Korean hacking groups have been using Russian cryptocurrency exchanges to launder stolen funds, transferring over $21 million in cryptocurrency to a Russian exchange known for facilitating illicit financial flows, according to blockchain analytics firm Chainalysis. This arrangement between the cyber underworlds of North Korea and Russia is a challenge for international authorities due to Russia's uncooperative attitude towards law enforcement, the firm said in a report. While North Korean hackers have been less prolific in 2023 compared to last year, they have still stolen around $340.4 million in cryptocurrency so far this year.