Cambodia-Based Huione Pay Laundering Stolen Crypto for North Korea

North Korean hackers stole $2.84 billion since 2024, including $1.65 billion in 2024.
Cambodia-based Huione Pay laundered stolen crypto to fund North Korea's sanctioned weapons programs.
Hackers breached Bybit, DMM Bitcoin, WazirX, BingX, and Phemex using AI tools and 1,000–2,000 North Korean IT pros.
MSMT member states condemned North Korea's cybercrimes and urged international cooperation.
After UN panel disbanded in April 2024, MSMT reported $1.19 billion stolen in 2024.

Finance | Sanctions | Cybercrime

North Korea | Cambodia

2 weeks ago