- A brand new crypto-crime process pressure in South Korea is ready to launch subsequent spring.
- North Korean firm Lazarus Group was concerned in laundering $150,000 value of cryptocurrencies.
- The Digital Asset Person Safety Act enforces heavy penalties for cryptographic crimes.
South Korean prosecutors are set to launch a brand new joint division to research crypto-crimes subsequent spring. As reported by Aju Press, this strategic shift goals to handle communication gaps with home companies such because the Monetary Intelligence Unit (FIU) and different worldwide our bodies.
The present ad-hoc unit will transition to a full-fledged division that can enable for higher coordination and efficient decision of crypto-related torts.
The event comes amid new proof suggesting that North Korea's Lazarus group not too long ago laundered greater than $150,000 in stolen cryptocurrency by way of a Cambodian fee firm. The subtle ways of attackers spotlight the challenges of preventing cryptocurrency-related crime within the Asia area. The Lazarus Group, a state-sponsored hacking group, reportedly earns greater than 50% of its overseas foreign money by way of cybercrime, with cryptocurrency hacking alone contributing to their monetary losses of a staggering 3 billion…
The submit South Korea has cracked down on crypto crime, a brand new unit will deal with the specter of the Lazarus group appeared first on Coin Version.
