How North Korea's Launderers Try to Shake Off Blockchain Analytics

Quick favor: We’re deciding what Unchained does next; new shows, stream times, what’s worth paying for. Our listener survey (https://unchainedcrypto.com/survey) takes five minutes, it’s anonymous, and I read the write-in answers myself. Everyone who finishes it gets a free month of Premium, Unchained or Bits + Bips, your pick. Open through Sunday, November 8. — Laura ======================================================================== The funds from the $6.3 billion Binance hack scattered from 10 wallets to hundreds of new addresses in little more than a day. Laura Shin asks Jonty whether that points to AI, and Jonty describes how TraderTraitor typically relies on Chinese-speaking money laundering organizations, and how scripted "washing machine" activity tries to break the taint trail that tools like Chainalysis, TRM and Elliptic follow. Jonty also walks through North Korea's org chart of hacking units and how TraderTraitor got its name from Trojanized trading apps and fake job interviews. ======================================================================== Host: 👉 Laura Shin - Founder, CEO and Host of Unchained - https://x.com/laurashin Guests: 👉 Jonty (tanuki42) - Founder of Pangolin Intelligence - https://x.com/tanuki42_ 👉 Pablo Sabbatella - Founder of Opsek - https://x.com/pablosabbatella ======================================================================== This clip is from a longer conversation on North Korea's $6.3 billion hack of Binance. Full episode here: https://youtu.be/sWriCvo_bJU We go live twice every week - subscribe to catch it live. Sponsors 👉 Put your crypto to work with Nexo: earn daily interest or borrow funds against your assets on one platform trusted by more than 10 million clients. Find out more at Nexo. Geo-restrictions, eligibility and terms apply. 👉 With Election Day on November 3, crypto voters could make the difference in close races. Check where candidates stand on crypto, verify your registration, and make your voting plan at Stand With Crypto’s Voter Hub. ======================================================================== Chapters: 🎬 00:00 Intro 🧺 00:54 Who really launders TraderTraitor's stolen funds? 🕸️ 01:43 How the 'washing machine' breaks the taint trail 🏛️ 03:28 Why 'Lazarus' covers a whole military org chart 💼 08:13 Where TraderTraitor got its name 🧩 09:42 How analysts tell North Korea's hacking units apart ======================================================================== #bitcoin #ethereum #crypto #cryptocurrencies ======================================================================== Subscribe to our channel! Website → https://unchainedcrypto.com Unchained Daily Newsletter (FREE!)→ https://unchainedcrypto.beehiiv.com/subscribe/ Unchained X → https://x.com/unchained_pod Apple → https://podcasts.apple.com/us/podcast/id1123922160?ls=1 Spotify → https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w RSS Feed → https://feeds.megaphone.fm/LSHML4761942757 Unchained: Your no-hype resource for all things crypto!