US accuses North Korean hackers of hacking NiceHash and other crypto companies

The US authorities have charged three North Korean hackers with organizing a series of cybercrimes affecting hundreds of companies, including cryptocurrency ones. The damage from their activities is estimated at $ 1.3 billion, most of which is associated with illegal bank transfers.

Among other things, in a statement from the US Department of Justice, several cryptocurrency services are mentioned without specifying the names, including a mining company from Slovenia. It is most likely the NiceHash mining marketplace, which was hacked in December 2017. At the same time, according to the Ministry of Justice, hackers were active.

“The defendants attacked hundreds of cryptocurrency companies and stole tens of millions of dollars in cryptocurrency, including $ 75 million from a Slovenian cryptocurrency company in December 2017, $ 24.9 million from an Indonesian cryptocurrency company in September 2018 and $ 11.8 million from a financial services company from New York in August 2020, when hackers used the malicious CryptoNeuro Trader app as a backdoor, ”the Justice Department said, adding that $ 1.9 million in cryptocurrency had been successfully seized and will be returned to the New York company.

In addition, according to the prosecution, the DPRK authorities used the Marine Chain Token platform to raise funds. With it, they launched an Initial Coin Offering (ICO), ostensibly representing fractional ownership in sea tankers, and promoted it to investors in Singapore without revealing the true nature of the sale.

“As set out in today’s indictment, North Korean agents using keyboards instead of firearms and stealing cryptocurrency wallets instead of bags of cash are the main bank robbers in the world,” Assistant Attorney John Demers said.

Earlier, the UN connected with North Korean hackers last year’s hacking of the KuCoin cryptocurrency exchange.

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