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Inside North Korea's Favorite Crypto Laundering Tool: THORChain
Researchers say North Korea used THORChain to launder $1.2 billion following the biggest-ever crypto heist.
Updated Apr 7, 2025, 8:31 p.m. Published Apr 7, 2025, 7:10 p.m.
What to know:
- In February, North Korea stole $1.4 billion in the biggest-ever crypto heist.
- THORChain, a network used to swap crypto, has become central to North Korea's laundering operations — used to bridge 85% of funds from the hack.
- Despite government pressure, THORChain has not blocked transactions linked to the heist.
- THORChain's supporters say the chain is decentralized and operating as it should, whereas critics say the network and its infrastructure are more centralized than claimed.
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Microsoft Raises Alarm of Malware Targeting Coinbase, MetaMask Wallets
A new report from Microsoft researchers warned of malware that could steal and decrypt users’ information from 20 of some of the most popular cryptocurrency wallets.
Ano ang dapat malaman:
- Tech giant Microsoft shared a new report warning of malware that targets 20 of the most popular cryptocurrency wallets used with the Google Chrome extension.
- The malware, dubbed StilachiRAT, could deploy “sophisticated techniques to evade detection, persist in the target environment, and exfiltrate sensitive data."
- While the malware has not been distributed widely, Microsoft did share that it has not been able to identify what entity is behind the threat.
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