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US indicts North Korean cyber operatives for laundering stolen cryptocurrency

  • The US announced sanctions against three individuals for laundering cryptocurrency stolen by North Korean hackers.
  • The US Justice Department indicted four men for laundering cryptocurrency obtained by a North Korean hacking group called Lazarus Group.
  • The Lazarus Group has targeted various sectors to steal money and spread malware.
  • The scheme involved laundering cryptocurrency stolen over several years.
  • The actions represent a fraction of North Korea's illegal cyber activity, which relies on networks to convert stolen cryptocurrency into government-backed currency.
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