North Korean hackers laundered $150 million through Tornado Cash, revealing challenges in combating financial crimes

From Cointelegraph: 2024-05-15 08:27:13

A recent UN report uncovered that North Korean hackers successfully laundered $150 million in stolen cryptocurrency through Tornado Cash in March 2024. This revelation sheds light on the sophisticated methods employed by cybercriminals to convert illicit funds into untraceable assets. The report highlights the ongoing challenges faced by authorities in combating financial crimes within the digital asset space.

Read more at Cointelegraph: North Korea used Tornado Cash to siphon HTX’s $147.5M loot: UN