Coin

<ul class="news-points">
 <li>New crypto-crime task force in South Korea set for launch next spring.</li>
 <li>North Korea’s Lazarus Group implicated in $150,000 crypto laundering.</li>
 <li>Virtual Asset User Protection Act enforces heavy penalties for crypto crimes.</li>
</ul>
South Korean prosecutors are preparing to launch a new joint crypto-crime investigation division next spring. As reported by <a href="https://coinness.com/en/news/17068" target="_blank" rel="noopener noreferrer nofollow">Aju Press</a>, this strategic shift aims to address communication gaps with domestic agencies like the Financial Intelligence Unit (FIU) and other international bodies.
The current ad-hoc unit will transition into a full-fledged division, enabling better coordination and efficient handling of crypto-related offenses.
This development comes amid <a href="https://coinedition.com/north-korean-cybercrime-lazarus-group-launders-millions-through-cambodian-firm/" rel="noopener noreferrer nofollow">new evidence</a> suggesting that North Korea’s Lazarus Group recently laundered over $150,000 in stolen cryptocurrency through a Cambodian payments firm. The sophisticated tactics employed by the attackers highlight the challenges in combating crypto-related crime in the Asia region. Lazarus Group, a state-sponsored hacker group, reportedly derives over 50% of its foreign currency through cybercrime, with cryptocurrency hacking alone contributing a staggering $3 billion to their cof…
The post <a href="https://coinedition.com/south-korea-cracks-down-on-crypto-crime-new-unit-to-tackle-lazarus-group-threat/" rel="noopener noreferrer nofollow">South Korea Cracks Down on Crypto Crime, New Unit to Tackle Lazarus Group Threat</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

South Korea Cracks Down on Crypto Crime, New Unit to Tackle Lazarus Group Threat

Coin Edition

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