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North Korea launders $147.5 million in stolen cryptocurrency, UN experts reveal

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North Korea launders 7.5 million in stolen cryptocurrency, UN experts reveal

North Korea funnelled $147.5 million through the cryptocurrency mixer platform Tornado Cash in March, according to a confidential report by United Nations sanctions monitors reviewed by Reuters.

This illicit activity follows a hack on the HTX cryptocurrency exchange late last year, marking a major case in a broader pattern of North Korean cyber thefts targeting digital currency platforms.

The UN monitors reported to the Security Council sanctions committee that they have been investigating 97 suspected North Korean cyberattacks on cryptocurrency firms from 2017 to 2024, with total stolen funds amounting to approximately $3.6 billion.

The $147.5 million laundered in March was linked directly to the HTX exchange breach, based on data from crypto analytics firm PeckShield and blockchain research firm Elliptic.

In 2024 alone, the monitors have scrutinised 11 cryptocurrency thefts valued at $54.7 million, noting that many of these attacks might have been inadvertently facilitated by small crypto-related companies hiring North Korean IT workers.

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These workers, operating abroad, reportedly generate substantial income for the isolated nation, which continues to face severe international sanctions aimed at curbing its nuclear and missile programs.

North Korea, officially known as the Democratic People’s Republic of Korea (DPRK), has been under UN sanctions since 2006.

Despite these measures, the country has continued to find ways to finance its prohibited activities, including through cybercrime and the use of virtual currency mixers like Tornado Cash.

The US sanctioned Tornado Cash in 2022 for allegedly supporting North Korean money laundering activities.

In 2023, two of its co-founders were charged with facilitating over $1 billion in illicit transactions, including for a North Korean cybercrime group.

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Virtual currency mixers like Tornado Cash function by blending cryptocurrencies from various users, obscuring the origin and ownership of the funds.

This makes them attractive tools for laundering stolen cryptocurrency.

Lawyers for Tornado Cash co-founder Roman Storm, who pleaded not guilty to US charges in September, did not immediately respond to requests for comment.

The UN sanctions monitors faced a setback when their mandate expired at the end of April due to a Russian veto against its renewal.

Despite this, some monitors submitted incomplete work, including the findings on North Korea’s cryptocurrency activities, to the Security Council’s North Korea sanctions committee.

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In addition to cyber theft, the UN monitors have been investigating reports of Russia releasing $9 million of North Korea’s frozen assets and allowing Pyongyang to open an account at a Russian bank in South Ossetia.

This arrangement is reportedly aimed to enhance North Korea’s access to international banking networks.

Furthermore, the monitors observed continued maritime activities suggesting ongoing arms trade between North Korea and Russia.

Ships suspected of carrying weapons have been seen travelling between North Korea’s Rajin port and Russian ports like Vladivostok and Vostochny.

China has also been implicated, with a North Korean vessel reportedly undergoing maintenance at China’s Ningbo port.

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The US and its allies have accused North Korea of supplying weapons to Russia for use in the ongoing conflict in Ukraine, a charge both Moscow and Pyongyang deny.

However, both nations have committed to deepening their military cooperation.

In an additional report last month, UN monitors confirmed that debris from a missile that landed in Kharkiv, Ukraine, in January was from a North Korean Hwasong-11 series ballistic missile.

This highlights North Korea’s ongoing missile development and potential involvement in global conflicts.

North Korea’s evasion of UN sanctions continues to be a significant issue.

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The monitors documented 208 voyages by North Korean cargo ships suspected of offloading coal in Chinese waters, often through ship-to-ship transfers.

Chinese Coast Guard vessels were observed in proximity to these transfers, raising questions about enforcement and compliance with international sanctions.

The Chinese mission to the UN did not immediately respond to requests for comment on these findings.

(With inputs from Reuters)

Shashwat Sankranti

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Breaking and writing stories for WION’s business desk. A literature nerd, closeted poet and a novelist (in the making). 


Crypto

St. Augustine Film Festival will honor creator of film about crypto scams

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St. Augustine Film Festival will honor creator of film about crypto scams
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Ben McKenzie will receive a Career Achievement Award at the St. Augustine Film Festival Jan. 10 prior to the screening of his documentary, “Everyone is Lying to You for Money.”

The former star of “The OC” wrote, directed and produced the film while writing his New York Times bestseller “Easy Money,” which spotlights cryptocurrency as a large-scale scam.

Working in collaboration with journalist Jacob Silverman, the film includes interviews with currently jailed cryptocurrency industry leaders and celebrities now facing trials for misleading the public on the value of cryptocurrencies as virtual money.

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Sporting degrees in economics and political science from the University of Virginia, McKensie traveled to El Salvador – also known as Bitcoin city – and London’s banking district to showcase fraud perpetrated by Alex Mashinsky, the founder and CEO of Celsius Network, who was sentenced to 12 years in prison for one count of commodities fraud and one count of securities fraud.

New York prosecutors accused Mashinsky with deceiving clients about the company’s finances and manipulating the price of Celsius’ token, which caused billions of dollars in losses.

The movie also includes interviews with individuals who were part of the scam before it collapsed, McKensie’s testimony before Congress following the arrest of Sam Bankman-Fried and his trip to El Salvador.

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“I turned the cameras on to document the difference between the marketing campaign and the reality of what was happening on the ground,” he told the St. Augustine Record. “Cryptocurrency was perpetuated by a very small number of people who made a lot of money in an industry rife with fraud, corruption and criminal activity.”

McKensie underscored the film as an unusual comedy that he’s deeply proud of.

“The film highlights the idea of avoiding intermediaries as appealing, but creating a currency that bypasses a banking system would never work,” he said. “The idea of investing in this obtuse thing that was hard to understand evolved/metastasized to exhibit the worst parts of our current system.”

McKensie described the “command tactic” of the get rich scheme as a con man tactic that lured people in as Bitcoin emerged during the wake of a financial crisis.

Bankman-Fried, the founder of the FTX cryptocurrency exchange, was eventually convicted of wire, securities and commodities fraud along with money laundering and conspiracy and sentenced to 25 years in prison.

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McKensie’s involvement was born and bred from COVID, “when I had time on my hands to check the financial markets.”

“I’m not an economist, but I love theory and behavioral economics,” he said. “I especially love the writings of the Nobel Prize winning economist Robert Schiller, who talks about things that were applicable to crypto that naturally occur in Ponzi schemes.”

Convinced that no one was monitoring the “price of a speculative asset rising far beyond what it was worth in terms of practical use in the real world,” McKensie turned to social media as a platform to show that “crypto was getting out of hand.”

Posts connected him to Silverman and together they worked on reporting on the ill-fated concept. It didn’t take long before a book proposal landed on his desk.

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“Then it was off to the races,” he said.

“I’ve met a lot of really interesting people I never would have met if not for the book,” he said. “I’ve never done anything like this before so I’m really glad I did.”

McKensie said that Greg von Hausch, co-founder of the SAFF, was persistent in adding “Everyone is Lying to You for Money” to the festival.

While the success of the book and the film remain paramount to an actor who hedged his bets in New York because of his love of “the art,” the Texas native has a long and successful acting resume that includes stints on Broadway for “Grand Horizons,” which received a Tony nod for Best New Play, an appearance in “Junebug” with Amy Adams and one in “88 Minutes” starring Al Pacino. Other film credits include the indie film “Johnny Got His Gun” and “Some Kind of Beautiful” with Pierce Brosnan and Salma Hayek.

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Other film credits include “Decoding Annie Parker” opposite Helen Hunt and a starring role in the short film “The Eight Per Cent of the 2009” shown in New York’s Tribeca Film Festival.

In 2009, he returned to series television in “Southland,” portraying a patrol officer in Los Angeles. McKensie also starred as Detective James Gordon in the series “Gotham,” detailing Gordon’s rise in Gotham City before Batman’s appearance.

McKensie made his directorial debut in Season 3 of “Gotham” where he met his then co-star and now wife, Morena Baccarin, who is the mother to his two children. The family resides in New York.

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Discover the Top Hottest Meme Coins of 2026

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Discover the Top Hottest Meme Coins of 2026

Embrace the future of cryptocurrency with the latest meme coins, offering unique opportunities and connection to internet culture. Explore an extensive overview of the top tokens in this rapidly evolving market.

Our comprehensive assessments explore the usability, security, features, and community support provided by these tokens. Acquire the knowledge necessary to confidently select your ideal meme coin.

The Best Meme Coins in 2026

Solaxy is not just a meme coin. Yes, the Pepe-Einstein mascot and vibrant illustrations scream meme coins, but Solaxy has much more going on.

The project is building a layer-2 scaling solution for Solana that shakes up the game by tackling network congestion. How? By processing transactions off-chain and bundling them for final verification. That means lower fees, lightning-fast speeds, and smooth trading.

That’s just the start. The white paper teases bigger plans, including cross-chain compatibility with Ethereum. This could unlock massive opportunities in NFTs, gaming, and DeFi.

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The community is growing at breakneck speed, with 70,000+ strong on X (Twitter), and the Solaxy (SOLX) presale is racing ahead. It has raised around $31 million already.

Early investors in Solaxy are also earning big from the staking program that boasts a jaw-dropping 160% APY, with nearly 7 billion tokens already locked. The passive rewards curb early sell-offs and rewards long-term believers.

Solaxy isn’t just about hype. It’s built for sustainable growth. A hefty 25% of the total supply is set aside for community rewards for continued engagement. Meanwhile, 30% fuels project development. SOLX is clearly one of the hottest meme coins to buy now.

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Innovative Layer-2 Solution for the Solana Ecosystem With More Reliable Transactions

Snorter is the adventurous project that combines meme coin energy with serious trading power. It is a full-featured Telegram bot that makes trading Solana tokens fast, simple, and secure. With just a few taps on your phone, you can buy, snipe, sell, or set up stop losses without ever leaving Telegram.

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The SNORT token powers this system, giving users access to premium features and helping fuel the bot’s entire ecosystem. With over $550,000 already raised in its presale, it is clear that traders are paying attention, and the earlier you join, the cheaper the token.

Snorter’s ease of use and powerful toolset make it the best Solana bot for meme coin hunters. Whether you want to catch early launches, protect your trades, or copy top wallets, Snorter gives you the tools to do it all in seconds.

With this kind of utility, fun branding, and real-time use cases, Snorter has everything it needs to go viral. And that momentum could make SNORT one of the biggest meme utility tokens in the space. If you are thinking of joining, now is the time to grab it before prices start rising.

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Full-featured Telegram bot that makes trading Solana tokens fast, simple, and secure

Bitcoin has always been trusted for its security, but it has struggled with real use in everyday apps and payments. Now, Bitcoin Hyper wants to change that. It is building a powerful Layer 2 network that fixes Bitcoin’s biggest problems, like slow speeds, high fees, and the inability to run smart contracts.

This is the kind of upgrade many Bitcoin holders and developers have been waiting for. With tools like the Solana Virtual Machine for fast dApps and a Canonical Bridge to move BTC in and out of Layer 2 easily, Bitcoin Hyper is turning the original blockchain into something much more useful.

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The presale for the HYPER token is live, and it is moving quickly. With prices increasing at each stage, early buyers could see real upside as the project gets closer to launch. A solution like this with real utility, fast transactions, low fees, and staking rewards has the potential to grow into something massive. That is probably why the presale is getting so much attention.

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Powerful Layer 2 network that fixes Bitcoin’s biggest problems

Ditching the recycled meme coin formulas, Bitcoin Bull takes charge with a reward and burn mechanism directly linked to Bitcoin’s price. The ongoing BTCBULL presale just smashed $4.5 million, with investors piling in.

BTCBULL offers milestone-based airdrops, where holders receive rewards when BTC crosses $150,000. Airdrops continue at every $50,000 BTC price increase.

Deflationary burns are another key feature. The first burn kicks in at $125,000, gradually reducing BTCBULL’s supply. The mechanism supports BTC’s value appreciation over time.

The platform allows users to earn BTC passively and get real Bitcoin and BTCBULL tokens, creating multiple income streams. With over 700 million tokens already locked, BTCBULL’s staking model is proving its strength.

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Analysts predict Bitcoin could hit $200,000 this year. The forecasts have strengthened the hype around BTCBULL. As a meme coin linked to Bitcoin’s key price milestones, the project has high growth potential this year.

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Bitcoin Mania in Meme Coin Avatar

SUBBD is a brand-new crypto project that combines artificial intelligence with content creation. The project’s goal is simple; radically transform how creators connect with their audiences.

And how does SUBBD do that? It automates key tasks such as streaming, scheduling, editing, and community management.

Creators can focus on producing quality content, as a result.

At the very heart of SUBBD’s ecosystem is the $SUBBD token. It unlocks exclusive access to premium features, platform discounts, and VIP perks.

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The project’s token staking mechanism adds to the presale hype. Withina few hours of going live, the presale has raised over $100,000.

As a project that empowers creators and engages fans more intimately, SUBBD is a top altcoin to watch ahead of the next crypto rally. SUBBD is on a mission to disrupt the $85 billion content subscription market.

SUBBD tokens can be purchased using ETH, BNB, USDT, USDC, or traditional bank cards.

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The Ultimate Crypto Presale Experience for Creators and Their Fans

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Glasgow police warn public of cryptocurrency scam – WNKY News 40 Television

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Glasgow police warn public of cryptocurrency scam – WNKY News 40 Television

GLASGOW, Ky. – The Glasgow Police Department says a scam is targeting individuals, according to a release.

Major Terry Flatt says the department has received complaints about scams and fraud resulting in thousands of dollars in losses.

Flatt says that individuals are being contacted by someone claiming to be an investment manager who promises to grow their money by purchasing cryptocurrency.

The caller will advise the phone call recipient to visit a website that appears authentic but is actually fraudulent.

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Flatt says that when scam victims attempt to withdraw earnings, they are told that they need to pay high fees.

The GPD media release states that scammers advertise individual retirement accounts as IRS-approved.

The fraud begins with a pop-up message from internationally recognized companies. The pop-ups state that the individual has a virus on their personal device.

The scammers encourage victims to contact them for remote support, allowing the scammers to access all of the victims’ information and to install malware.

Flatt says some of the scams require victims to place money on gift cards. The scammers will then ask for the gift card code.

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The Glasgow Police Department advises residents not to provide any personal information and to report suspicious activity immediately by calling local law enforcement.

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