US State Department To Give $10M For North Korean Hackers Information

The US State Department to give $10 million for information on the North Korean hackers in order to bring them down so let’s read more today in our latest cryptocurrency news.

The US State Department to give $10 million to anyone that gives valuable information that can be used against the North Korean crypto hacking collectives and the amount is double the previous bounty that was promised in March. The North Korean hacking groups were a major burden for the American authoriteis for years and such entities stood behind some of the biggest exploits in the past draining millions of dollars worth of crypto from companies and organizations.

Chainalysis estimated that the North Korean cyber criminals stole up to $400 million in digital assets in 2021 as the funds were collected from investment companies and exchanges. Last month, Elliptic claimed that the cyber gang based in the East Asian country, the Lazarus hacking group, was the one that breached Harmony and drained $100 million worth of ETH.  The US State Department seems to be having a hard time with the bad actors since they disclosed $10 million awards for information that can disturb their activities.

“If you have any information on any individuals associated with North Korean government-linked malicious cyber groups (such as Andariel, APR38, Bluenoroff, Guardians of Peace, Kimsuky, or Lazarus Group) and who are involved in targeting US critical infrastructure in violation of the Computer Fraud and Abuse Act, you may be eligible for a reward.”

The problems by the US State Department when battling the hackers might be beucase cyber criminals use various techniques to setal and under cryptocurrencies. Earlier this year, the Center for a New American Security placed the Lazarus Group among the most advanced hack groups worldwide describing them as a masterful army of cybercriminals and foreign affiliates. The award is twice bigger than the $5M announced four months ago and the agency also argued that the hackers attack crypto exchanges and financial institutions to steal the funds which support the regime in their homeland.

A few weeks ago, the exchange aggregator Coincub determined that the East Asian country became the world’s main crypto superpower and the cyber criminals reportedly drained over $1.5 billion of digital currencies in the past few years. Coincub claimed that the North Korean government controlled all attacks while some of the gang members were related to Kim Jong-un and his inner circle. Russia, China, and the USA are the other nations part of the top 5 where the hacking groups thrive.