The FBI is warning cryptocurrency companies to be on the lookout for North Korean cyber thieves cashing out stolen bitcoin valued in the tens of millions of dollars.
North Korean hackers use cybertheft to circumvent sanctions and fund their regime, with the White House estimating that half of North Korea’s missile program is funded via cryptocurrency heists and cyberattacks.
The FBI published an alert this week saying North Korean hackers who were responsible for stealing nearly $200 million worth of cryptocurrency in June want to convert digital money into real funds. The bureau published identifiers of the bitcoin for companies to watch for in a warning Tuesday.
“Over the last 24 hours, the FBI tracked cryptocurrency stolen by the Democratic People’s Republic of Korea TraderTraitor-affiliated actors (also known as Lazarus Group and APT38),” the FBI said in the warning. “The FBI believes the DPRK may attempt to cash out the bitcoin worth more than $40…