“This latest action marks a significant escalation in the partnership between the cyber underworlds of these two nations,” Chainalysis said on its blog.
North Korean hackers stealing millions of dollars, laundering funds with Russians, analysts say
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While $40 million is a hefty haul, cyber analysis firm Chainalysis said in February it observed North Korean-linked cybercriminals looting an estimated $1.7 billion worth of cryptocurrency in 2022 alone.
FBI warns North Korean hackers looking to cash out stolen cryptocurrency worth millions
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