NK Arrests State-Backed Hackers Accused of Laundering Funds Through Crypto

North Korean authorities have reportedly arrested a group of former state cyber operators and IT specialists accused of hacking two state banks and laundering stolen funds through cryptocurrency.

The alleged hackers, according to South Korean outlet Daily NK, targeted the internal networks of North Korea's central bank and the Foreign Trade Bank, converting stolen state funds into cryptocurrency before laundering them through China-based brokers.

Cointelegraph could not independently verify the report, which suggests that this would mark a rare case of North Korean cyber operators being accused of stealing from their own government's financial institutions.