North Korean hackers steal billions in cryptocurrency. How do they turn it into real cash?

   2020-09-10 11:09

But the North Korean playbook has evolved in the last few years. One tactic, known as a “peel chain,” moves money in rapid and automated transactions from one Bitcoin wallet to new addresses through hundreds or thousands of transactions in a way that both hides the source of the money and lessens the risk of setting off red flags. Another approach, called “chain hopping,” moves the money through different cryptocurrencies and blockchains to get it away from Bitcoin—where every transaction is pos…




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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin61,547 0.31 % 2.81 % 6.00 %
Ethereum2,429.2 0.44 % 4.18 % 16.71 %
Binance Coin512.88 1.04 % 5.49 % 22.66 %
XRP1.600 2.07 % 9.98 % 52.30 %
Dogecoin0.3837 6.74 % 122.48 % 522.16 %
Tether0.9989 0.17 % 0.21 % 0.28 %
Cardano1.410 0.56 % 4.03 % 14.81 %
Polkadot41.65 0.99 % 4.80 % 0.57 %
Bitcoin Cash1,155.1 6.90 % 32.74 % 79.70 %
Litecoin312.03 1.15 % 7.76 % 37.81 %
Uniswap36.35 1.73 % 4.66 % 20.38 %
Chainlink42.16 0.52 % 0.97 % 28.77 %
VeChain0.2049 1.69 % 9.83 % 72.04 %
Stellar0.6072 0.51 % 6.02 % 20.84 %
Theta Network13.81 0.89 % 9.84 % 7.00 %
Filecoin183.62 0.63 % 7.19 % 18.65 %
USD Coin0.9986 0.02 % 0.12 % 0.28 %
TRON0.1630 0.03 % 2.75 % 31.54 %
Wrapped Bitcoin61,656 0.16 % 2.67 % 5.99 %
Bitcoin SV437.11 4.50 % 18.71 % 75.21 %