Coin

<ul class="news-points">
 <li>New crypto-crime task force in South Korea set for launch next spring.</li>
 <li>North Korea’s Lazarus Group implicated in $150,000 crypto laundering.</li>
 <li>Virtual Asset User Protection Act enforces heavy penalties for crypto crimes.</li>
</ul>
South Korean prosecutors are preparing to launch a new joint crypto-crime investigation division next spring. As reported by <a href="https://coinness.com/en/news/17068" target="_blank" rel="noopener noreferrer nofollow">Aju Press</a>, this strategic shift aims to address communication gaps with domestic agencies like the Financial Intelligence Unit (FIU) and other international bodies.
The current ad-hoc unit will transition into a full-fledged division, enabling better coordination and efficient handling of crypto-related offenses.
This development comes amid <a href="https://coinedition.com/north-korean-cybercrime-lazarus-group-launders-millions-through-cambodian-firm/" rel="noopener noreferrer nofollow">new evidence</a> suggesting that North Korea’s Lazarus Group recently laundered over $150,000 in stolen cryptocurrency through a Cambodian payments firm. The sophisticated tactics employed by the attackers highlight the challenges in combating crypto-related crime in the Asia region. Lazarus Group, a state-sponsored hacker group, reportedly derives over 50% of its foreign currency through cybercrime, with cryptocurrency hacking alone contributing a staggering $3 billion to their cof…
The post <a href="https://coinedition.com/south-korea-cracks-down-on-crypto-crime-new-unit-to-tackle-lazarus-group-threat/" rel="noopener noreferrer nofollow">South Korea Cracks Down on Crypto Crime, New Unit to Tackle Lazarus Group Threat</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

South Korea Cracks Down on Crypto Crime, New Unit to Tackle Lazarus Group Threat

Coin Edition

Other articles published on Jul 29, 2024

South Korea's New Crypto Law Takes Effect: What We Know

BlackRock warns of fraudulent schemes using its name

Renowned CEO Says “Altcoins Are Coming for Revenge”, Answers the Question of Whether Altcoin Seas...

Is It Worth Staking Solana? Rewards, Risks, and Reality

Streamlining Project Deployment in the Blockchain Industry in 2024

Cryptocurrency Arweave Rises More Than 4% In 24 hours

Join our free newsletter for daily crypto updates!