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An Inside Look at Sting Operation Against North Korean Crypto Hackers

Just a few days after three missiles were launched by North Korea into the ocean, a team of U.S. private investigators and spies from South Korea covertly met in Pangyo, South Korea. The team had been tracking $100 million worth of crypto laundered from a California crypto company, Harmony, for some time in the hopes that hackers would move the crypto into accounts from which it could eventually be changed to Chinese yuan or dollars to be used for financing North Korea’s illicit missile development.

The investigators and spies only had a short period to help in the recovery of the money before it could be deposited into several accounts and become…

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