North Korea-linked hackers moved tens of millions through Xinbi Guarantee

  • North Korea-linked threat groups used Xinbi Guarantee to launder stolen cryptocurrency.
  • Tens of millions of dollars in stolen crypto were moved through the scheme.
  • Chainalysis linked the flows to attacks involving Bybit and WazirX.

North Korea-linked threat groups used the recently sanctioned Xinbi Guarantee cybercrime marketplace to move and launder tens of millions of dollars in stolen cryptocurrency, Chainalysis said. The investigation found that hackers used a Xinbi service provider known as Black U to exchange traceable stolen assets for stablecoins (cryptocurrencies designed to track stable values) linked to pig-butchering and romance scams. The funds were then converted into fiat currency through unlicensed over-the-counter platforms, a process that reduced their traceability. Chainalysis' fund-flow chart linked the activity to assets associated with attacks on Bybit and WazirX.

本网站上的信息是使用AI生成的,我们无法保证其准确性。 请仅作为参考信息使用。