The Foreign Assets Control Office (OFAC) of the US Treasury Department imposed sanctions on 3 people who were found to be helping the North Korean hacker group Lazarus.
OFAC has sanctioned 3 people who helped hacker group Lazarus, which repeatedly targeted the cryptocurrency market. According to the documents presented, Cheng Hung Man And Wu Huihufacilitating crypto transactions for Lazarus OTC was providing services.
Third person caught Sim Hyon Sop while Lazarus for coordinating some of the illegal cash flow was sanctioned. Persons under the sanction Bitcoin (BTC), Ethereum (ETH), Arbitrum (ARB), Binance Smart Chain (BSC) and cryptocurrencies on many other networks have been flagged and banned.
By on-chain security firm PeckShieldAlert published data by Wu Huihu 75.5 BTC revealed that he sent it to the Lazarus group over different transactions and wallets.
Allegedly, Cheng Hung Man’s accomplice Wu Huihu tried to avoid detection. front companies using Helped her access the US financial system. Treasury, Federal Bureau of Investigation (FBI) And South Korean government He said he was involved in the investigation.
on the other hand US Department of JusticeIn line with the statements of the Ministry of the Treasury, North Korea Foreign Trade Bank (FTB) via cryptocurrencies by money laundering blamed.
According to a statement released by the Treasury Department on April 24, China’s Wu Huihu will be trading in multiple transactions in 2021. For North Korean cyber actors converted millions of dollars worth of crypto into fiat currency. In the statement made by the Ministry, the following statements were made regarding the details of the incident:
Frequently, North Korean actors used OTC transaction networks in that region, including OTC traders based in the People’s Republic of China, to transact on their behalf in order to avoid detection by financial institutions or authorities.
Lazarus group, $625 million ronin attack and 100 million dollars Harmony (WHAT’S THAT) was held responsible for the attack.