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North Korean Hackers Infiltrated 1,640 Companies Across 57 Countries, Researcher Says
Report says North Korea detained former military hackers over bank theft and crypto laundering
North Korea arrests hackers accused of laundering stolen bank funds through crypto
North Korea
2026-07-25 09:27:55

Daily NK reports North Korea arrested hacker group accused of breaching central bank network

North Korean authorities arrested an elite hacking group on July 12, according to a report from South Korean outlet Daily NK cited by ChainCatcher. The group is accused of infiltrating the internal networks of North Korea’s central bank and foreign trade bank, stealing state trade funds and laundering the proceeds through cryptocurrency. According to the report, the alleged ringleader was a former member of a cyberwarfare unit under the Reconnaissance General Bureau and recruited top IT graduates from Kim Chaek University of Technology and Pyongyang University of Science and Technology. The group allegedly used encrypted communications and wireless devices, split stolen funds into smaller amounts, moved them to overseas crypto wallets, then converted them into cash through intermediaries before exchanging them into U.S. dollars and other funds in border regions. Daily NK said the investigation began after officials in Pyongyang spotted irregularities in foreign-currency payment approvals and records of overseas IP access. Authorities later raided a safe house, arrested suspects allegedly laundering funds, and seized equipment worth hundreds of thousands of U.S. dollars. The report added that the case has rattled elite and military circles in Pyongyang and is unusual because it suggests North Korea’s own financial system became a target of an internal cyberattack.

2020
Daily NK reports North Korea arrested hacker group accused of breaching central bank network