North Korea Financial News

In light of the recent arrest of the founders of Tornado Cash, a decentralized private payments protocol built on top of the Ethereum network that severs the link between sending and receiving wallets, some are questioning whether Know Your Customer (KYC) laws and permissionless money can co-exist.

Public fears and frustrations are being shared in Japan's neighboring countries about the release of treated radioactive wastewater from a crippled nuclear power plant

South Korean tech company Naver Corp has unveiled its answer to OpenAI’s ChatGPT — named CLOVA X — its newest generative AI chatbot which is aimed at Korean-language users. 

U.S. government officials on Wednesday started cracking down on co-founders of the virtual currency mixer Tornado Cash, just days after a federal judge decided that the government had the authority to sanction them

Two more developers who worked on Tornado Cash, an Ethereum network-based privacy protocol designed to obfuscate the link between sending and receiving addresses, are being charged by the US Depart of Justice.

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The US Federal Bureau of Investigations (FBI) alerted crypto firms on Tuesday, that North Korean hackers may soon attempt to cash out stolen Bitcoin worth over $40 million.

The FBI says that over the last 24 hours, North Korean affiliated hacking groups Lazarus and APT38 moved approximately 1,580 bitcoin from several cryptocurrency heists and are currently holding those funds in six separate wallets.The two groups were responsible for several high-profile international attacks this year, including the $60 million theft of virtual currency from Alphapo on June 22, 2023; the $37 million theft of virtual currency from CoinsPaid on June 22, 2023; and the $100 million theft of virtual currency from Atomic Wallet on June 2, 2023.

The United States Federal Bureau of Investigation (FBI) has flagged six Bitcoin (BTC) wallets linked to North Korean state-backed hacking group Lazarus. The six wallets contain 1,580 BTC worth $40 million believed to be hoarded from various cryptocurrency hacks over the past year.

A group of disgruntled cryptocurrency investors have launched a class action against Atomic Wallet, which suffered a major breach and $100 million in losses in June.

Try Galaxy app, developed by the South Korean tech giant, enables users to replicate the usage experience of Samsung's Galaxy Z Fold by placing two iPhones next to each other. It is accessible on Android phones as well. However, Samsung has now extended the compatibility of the Try Galaxy app to include iPhones.

A North Korean commercial flight has taken off from Beijing in a sign that Pyongyang is its opening its borders again after almost three years of severe COVID-19 restrictions

This past weekend, an estimated 140,000 diehard K-pop fans took over the Los Angeles Convention Center and adjacent Crypto

Financial regulators in the South Korean city of Cheongju are set to confiscate digital assets from local tax evaders.

COVID pandemic, North Korean leader Kim Jong Un has further fortified the country to ensure a complete isolation from the world in terms of news and information. He has built hundreds of kilometers (miles) or upgraded border fences, walls and guard posts since the pandemic began.

The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents.

Golden Maknae seems to have landed in trouble! K-pop sensation Jungkook, whose debut single ‘Seven’ created history by grabbing top slots in the Global Spotify Chart, UK Singles Chart, and US Billboard Chart, is now facing accusations of plagiarism. A mere month after the romantic summer bop landed atop the US Billboard 100 chart, K-pop producer Yang Joong Young has alleged that ‘Seven’ is eerily similar to ‘Time Of Mask’ a song he composed for the girl group Fin.KL. According to a Koreaboo report, the melodic tone of both songs has more than a passing resemblance. As the news went viral on X (formerly named Twitter), many ARMYs came to Jungkook’s defense, pointing out that the two songs sounded nothing similar. Some fans claimed that ‘Time Of Mask’ resembled a Spice Girl single ‘Say You Will Be There’. “You know what's more intriguing besides the songs not being anything alike? is that the said song they claim was plagiarized is identical to «Say You'll Be There» by Spice Girls,” wrote a Twitter user.

American streaming platform Netflix has announced that the fourth season of its comedy drama Sex Education, will premiere on 22 September. It stars Asa Butterfield, Gillian Anderson, Ncuti Gatwa, Emma Mackey, Connor Swindells, Kedar Williams-Stirling, Alistair Petrie, Mimi Keene, and Aimee Lou Wood. Viewership of international content on over-the-top (OTT) video streaming platforms in India has nearly doubled in 2022 as audiences took to original and dubbed versions of English, Turkish, Spanish and Korean shows and films.

A federal court has backed the US Treasury Department’s right to impose sanctions on the cryptocurrency mixer Tornado Cash, dismissing a lawsuit filed by six users.

The founder of layer-1 blockchain Jurat has defended his protocol against potential haters, arguing that on-chain legal enforcement is a necessary trade-off for crypto mass adoption. 

Hanwha Energy Australia has tapped Azure Capital to find a like-minded investment partner for its shovel-ready solar and battery storage assets in New South Wales.