- A brand new crypto-crime group is ready to be launched in South Korea subsequent spring.
- North Korea's Lazarus Group is suspected of laundering $150,000 price of cryptocurrency.
- The Digital Asset Consumer Safety Act will impose heavy penalties on digital foreign money crimes.
South Korean prosecutors are making ready to launch a brand new joint crypto crime investigation unit subsequent spring. As reported by Aju Press, the strategic shift is geared toward closing the communication hole between home businesses such because the Monetary Intelligence Unit (FIU) and different worldwide organizations.
The present ad-hoc models will probably be remodeled into full-fledged models, permitting for higher coordination and environment friendly dealing with of crypto-related crimes.
The transfer comes amid new proof rising that North Korea's Lazarus Group just lately laundered greater than $150,000 in stolen cryptocurrency by a Cambodian fee firm. The delicate ways utilized by the attackers spotlight the problem of combating crypto-related crime within the area. The Lazarus Group, a state-sponsored hacker collective, reportedly derives greater than 50% of its international foreign money from cybercrime, with a staggering $3 billion of their coffers from crypto hacks alone.
The article South Korea cracks down on cryptocrime, units up new unit to sort out Lazarus Group menace appeared first on Coin Version.
