Bridges connect two or more blockchains and can anonymize transactions, making them appealing to state-sponsored hackers
Ethan Jewell August 11, 2022
North Korea laundered nearly $34 million through a popular cryptocurrency swapping service, security researchers said on Wednesday, as experts raised concerns about authorities’ ability to stay ahead of tech-savvy criminals.
Crypto compliance firm Elliptic announced the findings on Wednesday, alongside an analysis showing that criminals of all stripes have moved at least half a billion dollars worth of stolen funds through RenBridge, a decentralized cryptocurrency bridge, since 2020.
Bridges connect blockchains of different cryptocurrencies, allowing users to exchange one cryptocurrency for another. RenBridge is one such service, and it has become “particularly popular with those seeking to
Specialist news and analysis,
research tools, and unique data sets
Internet Explorer is not compatible with this website. We instead recommend using Chrome, Edge, Firefox or Safari.
Microsoft ceased supporting IE 10 and older in 2016.
In addition, Microsoft cyber-security chief Chris Jackson has been urging users to stop using the browser since February 2019.
Specialist DPRK news and analysis, bespoke research tools, and unique data sets
Enter your details below
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Forgot Password?
Don’t have an account? SIGN UP
Specialist DPRK news and analysis, bespoke research tools, and unique data sets
Please enter your username or email address. You will receive a link to create a new password via email.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Don’t have an account? SIGN UP
The NK Pro, NK News and KCNA Watch websites do not support private mode or incognito browsing.
