North Korea Arrests Hackers Who Stole From State Banks and Laundered Funds Through Crypto
TLDR
- North Korean authorities arrested former military hackers accused of stealing from two state banks
- The group allegedly hacked the Central Bank of the DPRK and the Foreign Trade Bank
- Stolen funds were converted to crypto and laundered through China-based brokers
- Small transfers and encrypted messaging apps were used to avoid detection
- Arrests were made on July 12 at a Pyongyang safe house after suspicious activity was flagged
North Korea has reportedly arrested a group of former military hackers and IT specialists accused of stealing state funds from two of its own banks and laundering the money through cryptocurrency.
🇰🇵JUST IN: North Korea reportedly arrests its own hackers for stealing state funds and laundering them through crypto, per CoinDesk.
The group allegedly breached the Central Bank of the DPRK and Foreign Trade Bank, moved funds into overseas crypto wallets, and used Chinese… pic.twitter.com/i0haiwNsHb
- Coin Bureau (@coinbureau) July 25, 2026
South Korean outlet Daily NK reported the story on Thursday, citing an anonymous source in Pyongyang. Cointelegraph and other outlets could not independently verify the claims.
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