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U.S. Charges 3 North Korean Hackers Over $1.3 Billion Cryptocurrency Heist

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More HereThe U.S. Department of Justice (DoJ) on Wednesday indicted three suspected North Korean hackers for allegedly conspiring to steal and extort over $1.3 billion in cash and cryptocurrencies from financial institutions and businesses.

The three defendants — Jon Chang Hyok, 31; Kim Il, 27; and Park Jin Hyok, 36 — are said to be members of the Reconnaissance General Bureau, a military intelligence division of North Korea, also known as the Lazarus groupHidden Cobra, or Advanced Persistent Threat 38 (APT 38).

Accusing them of creating and deploying multiple malicious cryptocurrency applications, developing and fraudulently marketing a blockchain platform, the indictment expands on the 2018 charges brought against Park, one of the alleged nation-state hackers previously charged in connection with the 2014 cyberattack on Sony Pictures Entertainment.

A Wide-Ranging Scheme to Commit Cyberattacks and Financial Crimes

"North Korea's operatives, using keyboards rather than guns, stealing digital wallets of cryptocurrency instead of sacks of cash, are the world's leading bank robbers," said Assistant Attorney General John C. Demers of the Justice Department's National Security Division.

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