They said the North Koreans were unable to get at least $1 billion of the $1.3 billion they targeted, mostly in banks, officials said. Officials also announced that a Canadian American citizen has pleaded guilty to serving as a money launderer who assisted the alleged North Korean hackers. According to the indictment filed in December, the defendants work for the Reconnaissance General Bureau, North Korea’s military intelligence agency. The defendants used false names so potential investors would not realize they were supporting the North Korean regime, the indictment alleged. He also laundered money from a North Korean cyber heist of a Maltese bank in 2019, prosecutors said.

Source: Washington Post February 17, 2021 16:31 UTC