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U.S. Recovers Over $30 Million in Cryptocurrency Stolen by North Korean Hackers

By The Wall Street Journal

September 9, 2022

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U.S. authorities have seized more than $30 million in cryptocurrency plundered from an online game this year by hackers linked to North Korea, one of the largest successes clawing back digital revenue from Pyongyang, investigators said.

While only a fraction of the hundreds of millions in cryptocurrency purloined, the sum recovered is far higher than previously known. It reflects both the growing capabilities of the Federal Bureau of Investigation and other agencies and the priority the U.S. is giving to thwarting North Korean hackers, whose heists are used to bolster their country's nuclear ambitions, analysts said.

Erin Plante, senior director of investigations at the cryptocurrency intelligence firm Chainalysis, which announced the seizure amount Thursday at a conference in Barcelona, said the recovery was among the largest by U.S. law enforcement and had made it more difficult for the North Korean hacking group known as Lazarus Group to access the funds.

From The Wall Street Journal
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