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Crypto sleuth ZachXBT has called out a crypto wallet firm Vultisig for crowing about $200,000 it generated in revenue that is largely made up of crypto stolen from Bybit and laundered by North Korea. THORChain founder John-Paul Thorbjornsen claimed the $200,000 in revenue was made through swaps via his multi-chain crypto wallet firm Vultisig. However, ZachXBT noted, “a good chunk of that revenue is being generated from the Bybit hack.” He said, “DPRK has been doing BTC -> BNB or AVAX TC swaps via Vultisig for the past few days in size.” JP I hope you realize a good chunk of that revenue is being generated from the Bybit hack. DPRK has been doing BTC -> BNB or AVAX TC swaps via Vultisig for the past few days in size. pic.twitter.com/yy9S4JRdIm — ZachXBT (@zachxbt) March 20, 2025 ZachXBT’s screenshots show BTC increments worth between $50,000 and $200,000 being swapped with Vultisig.   Read more: FBI confirms North Korean ‘TraderTraitor’ to blame for $...

Blockchain analytics firm Match Systems has made contact with an individual who is believed to be selling tokens linked to the recent CoinEx and Stake hacks at discounted prices. Blockchain analytics investigators have uncovered an individual linked to a cryptocurrency laundering operation that is offering stolen tokens at discounted prices from recent high-profile exchange hacks. Speaking exclusively to Cointelegraph, a representative from blockchain security firm Match Systems outlined how investigations into several major breaches featuring similar methods through the summer months of 2023 have pointed to an individual who is allegedly selling stolen cryptocurrency tokens via peer-to-peer transfers. Related: CoinEx hack: Compromised private keys led to $70M theft The investigators managed to identify and make contact with an individual on Telegram offering stolen assets. The team confirmed that the user was in control of an address containing over $6 million worth of cryptocurre...

Blockchain analysts warn of growing cooperation between Russia-based crypto exchanges and North Korea-linked hacking groups. Democratic People’s Republic of Korea hacker groups have been actively using Russia-based exchanges to launder crypto since 2021, as strict international monitoring of North Korea’s on-chain crimes limits the country’s possibilities of an enrichment capability. According to Chainalysis, a blockchain forensics firm, North Korean hacker groups are now “increasing their use of Russia-based exchanges” to launder crypto stolen from centralized exchanges or decentralized finance protocols. You might also like: North Korea linked to latest crypto hacks, surpassing $270m In a blog post on Sept. 14, the New York-based firm wrote that almost $22 million in crypto stolen from Harmony Protocol — a blockchain protocol exploited for roughly 100 million in crypto in Jun. 2022 — was recently transferred to a Russia-based exchange “...

Asia is home to 1.7 billion gamers and contributes over $72 billion in annual gaming revenue making it a critical market according to DappRadar. Asia is “crucial” to the Web3 gaming industry as it already boasts the majority share of gamers, gaming revenue and has a high interest in blockchain technology a new report suggests. An April 13 report from analytics platform DappRadar emphasized the Asian market has over 1.7 billion video game players accounting for 55% of the world’s gamers. It also houses over half of the global gaming revenue and has long been “the driving force” behind the global gaming industry according to the report. Market share of global gamers data revealed. Source : DappRadar Due to these factors, DappRadar claims the Asia region “plays a crucial role in the adoption of blockchain gaming.” China, Japan, and South Korea dominate the gaming industry in Asia and are home to 62 of the world’s top 100 gaming companies by market capitalization. China has banned crypt...

The seized funds will be used to reimburse affected users, and prevent it from funding North Korea's nuclear weapons program. According to a press release published on Feb. 16 by Norway's National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim), authorities have seized 60 million Norwegian Kroner ($5.85 million) in stolen cryptocurrencies linked to the Axie Infinity Ronin Bridge hack last March. According to senior public prosecutor Bender,  "Økokrim is good at following the trail of money. This case shows that we also have a great capacity to follow the money on the blockchain, even if the criminals use advanced methods." According to Bender, Økokrim worked with FBI agents and the U.S. Department of Justice to track the trail of stolen digital assets. "We as a society stand stronger in the fight against digital, profit-motivated crime," she said, "This is money that can support North Korea and their nuclear w...