Key points:

▪️ DPRK uses stolen cryptocurrency to fund weapons programs
▪️ Public-private collaboration needed to counter threats
▪️ Businesses must strengthen cybersecurity measures

#NorthKorea #LazarusGroup #BlockchainSecurity

Global Ledger is committed to identifying and preventing scams like this. Spread the word and stay vigilant to protect the crypto community. #GlobalLedger #StaySafe #CryptoAwareness

How to Protect Yourself:

▶️ Always use trusted wallets and stay informed about scams.
▶️ Block suspicious accounts sharing seed phrases on social networks.
▶️ Flag known scam wallets and educate users about multisig risks. #CryptoSafety

Key Findings:

▶️ Scammers use wallets with large USDT balances and automated TRX withdrawals.
▶️ Both wallets have multisig, preventing victims from accessing stolen funds.
▶️ Funds are moved to exchanges in complex patterns. #BlockchainSecurity

Victims are tricked into depositing TRX to cover network fees. Once the funds are sent, the scammers quickly move them to another wallet, leaving the USDT balance as bait for new victims. It’s a sophisticated scam designed to exploit human behavior. #CryptoCrime

▶️ Alignment with global standards to avoid regulatory arbitrage & strengthen international collaboration.

The FCA invites feedback by March 14, 2025. Have your say here:
🔗 lnkd.in/djuuTktV

#CryptoRegulation #Blockchain #DigitalAssets #Stablecoins #MarketAbuse

▶️ Expanded oversight to cover trading, stablecoins, intermediation, custody, and market abuse.

▶️ Admissions and Disclosures regime to enhance transparency & reduce financial crime.

▶️ Market Abuse Regime for Cryptoassets (MARC) to ensure fair practices.