North Korean Hackers Find It's Hard to Launder $1.5 Billion in Stolen Crypto
BloombergFriday, July 11, 2025 at 4:00:22 PM
North Korean hackers have pulled off one of the biggest crypto heists in history, stealing a staggering $1.5 billion—but now they’re stuck trying to clean the money without getting caught. Turns out, moving that much digital cash quietly is a lot harder than stealing it in the first place. Experts say they’re resorting to complex laundering schemes, but global scrutiny and blockchain tracking tools are making it a high-stakes game of cat and mouse.
Editor’s Note: This isn’t just about hackers cashing out—it’s a glimpse into how cybercrime fuels North Korea’s economy, especially with sanctions tightening. The fact that even digital thieves are struggling to spend their loot shows how the crypto world is getting better at fighting back. For everyday investors, it’s a reminder that while crypto can be innovative, it’s still a Wild West for criminals—and the sheriffs are slowly catching up.
— Curated via WP Now’s
