South Korean police tap Chainalysis to fight North Korea crypto theft

South Korea’s national police launched a special multi-agency task force just weeks ago to go after crypto-based money laundering. Now they have a new partner in that fight. Related Reading: The Quantum Threat Is Coming—Stellar Reveals Its Defense Strategy Building Investigative Muscle Blockchain analytics firm Chainalysis signed a memorandum of understanding with the Korean National […]

A crypto hacker who drained $26 million from Ethereum-based protocol Truebit in January had likely practiced the technique on smaller targets first, according to blockchain analytics firm Chainalysis. Related Reading: The Bitcoin Rally Has A Problem: Demand Is Drying Up A Contract Left Exposed For Years The Truebit exploit was the largest of four incidents Chainalysis identified in a new report covering the past six months. Together, those attacks — targeting Truebit, Trusted Volumes, Aperture Finance, and Ekubo — account for roughly $37 million in losses, all traced back to contracts whose source code had never been publicly verified on blockchain explorers. The Truebit contract had been sitting on Ethereum since 2021. It was compiled using Solidity v0.5.3, a version released before automatic overflow protections became standard. An attacker found an integer overflow flaw inside its bonding curve mechanism and used it to mint large quantities of tokens at minimal cost before convertin

The partnership could significantly enhance crypto crime prevention in South Korea, potentially setting a precedent for global law enforcement collaboration. The post Chainalysis partners with South Korean police to combat crypto crime appeared first on Crypto Briefing.

South Korea's national police has been battling crypto-enabled crimes from DPRK-state level threats to scams targeting retail investors.

The deepening China-North Korea ties may enhance their strategic leverage, potentially complicating global diplomatic and economic dynamics. The post Xi Jinping and Kim Jong Un commit to deepening cooperation in Pyongyang summit appeared first on Crypto Briefing.

Chainalysis identified a growing attack pattern targeting unverified DeFi contracts, with hackers stealing $36.7 million across four exploits since January.

Xi's visit underscores China's strategic intent to maintain influence over North Korea amid shifting alliances, impacting regional power dynamics. The post Xi Jinping visits North Korea for first meeting with Kim Jong Un in seven years appeared first on Crypto Briefing.

South Korean police have reportedly searched Bithumb’s offices as part of an investigation into allegations that independent lawmaker Kim Byung-gi used his political influence to help secure employment for his son at cryptocurrency companies. According to a Monday report from…