Did North Korea’s hackers just rob their own government?

North Korea has arrested a ring of former military hackers accused of breaking into two of the country’s own state banks and washing the stolen money through cryptocurrency. However, the claim could not be independently verified.

The arrests occurred on the night of July 12, when National Intelligence Agency officers raided a safe house in the capital and, according to the source, caught the plotters at their computers in the midst of laundering hundreds of millions of dollars. The agents confiscated disposable cellphones and other equipment worth hundreds of thousands of dollars.

After that, armed officers isolated the Foreign Trade Bank’s headquarters and the computer center of the Chosun Central Bank, the Korean state bank issuing the local currency, preventing any access to them from the outside world. The source added that vehicles equipped to track down mobile phone signals scoured Pyongyang for the rogue radio waves.

The report linked the arrests to the discovery of discrepancies in the approvals of foreign-currency transfers and strange foreign IP addresses.

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