Revealed: How North Korean hackers launder stolen crypto

[Lenipiw]

The techniques are sophisticated but crypto laundering cases are still relatively small. British multinational security company BAE Systems and the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, have published a report revealing how cybercriminals launder cryptocurrency.

According to the study Follow the Money money laundering cases via crypto are still relatively small compared to the huge volumes of cash laundered through traditional methods like wire transfers.
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[highnayem34]

But there are some notable examples and the report goes in-depth into the money laundering methods employed by Lazarus Group, a well-known hacking gang sponsored by the North Korean regime.