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JP Morgan’s Quorum blockchain powers new correspondent banking network ” Banking Technology”. Joon Ian Wong (4 December 2017). “The Ethereum network is getting jammed up because people are rushing to buy cartoon cats on its blockchain”. Hackett, Robert (4 October 2016). “Why J.P. Morgan Chase Is Building a Blockchain on Ethereum”. Tosato, Andrea; Odinet, Christopher K. (2025). “Crypto and the […]
Also: Bitcoin L2 SDKs; North Korea’s THORChain Use; and Quantum-Resistant BTC
OFAC says a front company in the UAE had been converting crypto into cash for North Korea.
Hackers gained access to a developer’s computer by posing as a former contractor.
Last week, CoinDesk’s Sam Kessler reported that developers and IT workers employed by the Democratic People’s Republic of Korea – i.e. North Korea – had managed to get themselves hired by a number of crypto projects, giving them two different ways of raising funds for the national regime.
In this week’s issue of CoinDesk’s weekly blockchain tech newsletter, we’ve got names, details and anecdotes on crypto companies’ unwitting hires of North Korean developers. PLUS month-end rankings for bitcoin, ether and other digital assets in the CoinDesk 20 index during a strangely bullish September.
The hacker, widely suspected to be an entity from North Korea, moved $6 million in stolen funds for the first time last week.
Indian cryptocurrency exchange WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges “are going to be crucial,” as it remains open to “everything that is possible to help solve this situation.”
The crypto was stolen by Lazarus hackers from three crypto companies in June and July last year.
Apparently orchestrated from North Korea, the $63 million hack adds grist to the argument that crypto exploits pose a plausible national security risk.