North Korea Financial News

Going to the right university is as important to your potential career in finance as drinking water, eating food, or even breathing. But which universities are best? It’s a question that has plagued students for years.

As per industry estimates as many as 327,700 units were sold last month, which is an increase of 1.9% over 326,600 units sold in the same period last fiscal. With this, sales of passenger vehicles in the first half of the year rose to over 2 million units for the first time in the country. Automakers in India mostly report wholesale dispatches from factories to dealerships and not retail sales to customers.

A renewed call from the Financial Action Task Force (FATF) has asked countries to implement the “travel rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies.

Hackers that exploited Atomic Wallet for over $100 million earlier this month are using the cross-chain liquidity protocol THORChain to hide their loot. 

In the past year, more than 150 Web3 firms have set up operations in Hong Kong’s Cyberport — a digital hub set up by the country’s government to promote innovation — Financial Secretary Paul Chan Mo-po said in a statement.

Terraform Labs founder Do Kwon told a Montenegro court that he wasn’t aware the passport he was traveling with was allegedly forged and instead pinned the blame on a Chinese-named agency.

Digital asset tracking firm, Elliptic, has revealed that losses suffered by users of Atomic Wallet have escalated to more than $100 million.

The South Korean crypto lending platform Delio says it is “temporarily” suspending deposits and withdrawals, as financial regulators say they are “investigating” the situation.

Atomic Wallet service, cryptocurrency analytics firm Elliptic said Tuesday. In a blog post, Elliptic said that more than 5,500 digital wallets were hit by the hackers, who the firm said were part of the North Korean cybercrime gang often called Lazarus.North Korea's mission to the United Nations in New York did not immediately respond to a request for comment, although Pyongyang has in the past denied carrying out digital thefts. Atomic Wallet did not immediately return messages seeking comment. The company, which says it is based in Estonia, has previously said that it «received reports of wallets being compromised» and that it hired another cryptocurrency analytics firm, Chainalysis, to investigate the incident and track down stolen funds. Chainalysis declined comment.

North Korean cybercriminals are the prime suspects in a recent cryptocurrency heist involving the theft of a substantial $35 million. Cybersecurity analysts shared this assessment with CNN on Tuesday, pointing to telltale signs in the tactics and techniques used in the attack.

Cryptocurrency brokerage firm Floating Point Group (FPG) has confirmed it has halted trading, withdrawals and deposits on its platform after falling victim to a cyberattack on June 11. FPG estimates the attack resulted in a total loss of between $15 million and $20 million.

Terraform Labs co-founder Do Kwon will reportedly be taken into extradition custody in Montenegro, according to a report by the regional edition of Radio Free Europe (RFE). He also faces questions about ties to a local political figure.

Atomic Wallet, a noncustodial decentralized wallet, has been hit by a staggering exploit, leading to users reporting losses of their entire cryptocurrency portfolios. This unforeseen breach has sent shockwaves through the crypto community, as Atomic Wallet’s fundamental premise relies on users assuming full responsibility for storing their assets securely. 

Illicit funds gained from the $35 million Atomic Wallet hack are on the move again, with sanctioned Russian-based crypto exchange Garantex reportedly becoming the latest to come in contact with the hacked crypto. 

North Korea's cyber army has stolen $3 billion in cryptocurrencies, with 50% of the funds being used to fund the country’s ballistic missile program. 

Sam Altman, the CEO of ChatGPT developer OpenAI, met with South Korean President Yoon Suk Yeol on June 9 and urged South Korea to play a leading role in manufacturing the chips needed for artificial intelligence (AI) technology. Altman also expressed an interest in investing in Korean startups and collaborating with bigger chipmakers like Samsung Electronics. 

Korean prosecutors are targeting the cryptocurrency assets of Do Kwon, the founder of failed blockchain project Terra.

North Korean crypto hackers “targeted South Korean ministers” in a campaign last year, Seoul-based police officials have claimed.

The trial of the Terraform Labs Co-founder Daniel Shin is set to begin in South Korea – with prosecutors determined to prove that Terra Classic (LUNC) is a security.

Illicit funds gained from the $35 million Atomic Wallet hack have been moving to a crypto mixer known to be favored by North Korea’s most notorious cyber-hacking group.

Hong Kong — officially the Hong Kong Special Administrative Region of the People’s Republic of China — is a city of over seven million residents on the eastern Pearl River Delta in South China. The city is known for being pro-innovation and technology, and over the past year, it has introduced legislation to promote and adopt cryptocurrencies.