Dubai-based cryptocurrency exchange Bybit reported last week that it had been robbed of 400,000 in cryptocurrency Ethereum.
On Wednesday, the US government pointed the finger at Pyongyang.
The bureau said a group called TraderTraitor, also known as the Lazarus Group, was behind the theft.
“It is expected these assets will be further laundered and eventually converted to fiat currency,“ the FBI added.
It was also allegedly behind the 2022 $620 million heist of Ethereum and USD Coin from the Ronin Network in 2022, previously the biggest crypto theft in history.
North Korea’s cyber-warfare program dates back to at least the mid-1990s, and the country has been dubbed “the world’s most prolific cyber-thief” by a cybersecurity firm.
A United Nations panel on North Korea’s evasion of sanctions last year estimated the nation has stolen more than $3 billion in cryptocurrency since 2017.
Money stolen helps to fund the country’s nuclear weapons program, the panel said.
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