London Daily

Focus on the big picture.
Saturday, Aug 22, 2026

U.S. Calls North Korean Hackers ‘World’s Leading Bank Robbers’

U.S. Calls North Korean Hackers ‘World’s Leading Bank Robbers’

North Korea was accused of being behind the 2014 hack of an internal computer network of Sony Pictures Entertainment Inc., an audacious attack that exposed Hollywood secrets and destroyed company data.

On Wednesday, U.S. officials said that was only the beginning.

In indicting three North Korean computer programmers for their involvement in the Sony hack and other attacks on global banking, financial, entertainment and cryptocurrency entities, the U.S. Justice Department accused them and a group of conspirators of extorting more than $1.3 billion of cash and cryptocurrency.

The attacks included the attempted theft of nearly $1 billion from the central bank of Bangladesh in 2016, and a year later, holding two Central American casinos hostage for more than $2.5 million in ransom, according to U.S. officials.

More recently, the group has focused on stealing cryptocurrencies, according to prosecutors. The hackers discreetly injected malicious software into their own line of digital currency applications, granting them access to the devices of their victims, which included cryptocurrency companies in Slovenia and Indonesia and an unnamed financial services firm in New York.

In all, the victims of the cryptocurrency scam lost more than $100 million, according to the U.S.

North Korea’s hackers “have become the world’s leading bank robbers,” said John Demers, head of the Justice Department’s National Security Devision. “Simply put, the regime has become a criminal syndicate with a flag, which harnesses its state resources to steal hundreds of millions of dollars.”

The Indictment


The North Korean hackers were identified as Jon Chang Hyok, Kim Il and Park Jin Hyok. Other North Koreans allegedly involved in the conspiracy weren’t named. The indictment unsealed Wednesday expands on a criminal complaint charging Park in 2018 for his alleged involvement in a conspiracy to conduct multiple cyber-attacks, including the Sony hack.

In the face of global sanctions to punish it for its nuclear weapons program, North Korea has relied heavily on cybercrime to fill its depleted coffers. It had taken in about $2 billion in 2019 through the worldwide theft of resources from the financial sector, according to testimony to a U.S. House committee in June.

The alleged hacking campaign outlined on Wednesday was part of an elaborate operation aimed at collecting money for North Korea’s Reconnaissance General Bureau, a military intelligence agency.

Pyongyang uses the Reconnaissance General Bureau to run its cybercrimes, according to a United Nations Panel of Experts responsible for investigating North Korea’s sanctions evasion. The agency’s hacking units are known as Lazarus Group and APT38.

As the North Korean hackers targeted institutions around the globe, from Los Angeles to Malta to Taiwan, the victims were either forced to or unknowingly lured into paying to prop up the North Korean regime, Demers said.

“According to several Member States, as well as open-source reports, the Democratic People’s Republic of Korea continues to target virtual asset service providers (for example, cryptocurrency exchange houses) and financial institutions for the purpose of evading United Nations sanctions,” the UN Experts’ panel said in a report last year.

Canadian Accomplice


To help move their money, the North Koreans allegedly turned to a Canadian man, Ghaleb Alaumary, who’s accused of organizing teams to launder millions of dollars stolen from automated teller machines, the U.S. said. Their victims included Pakistan’s BankIslami and an Indian bank, according to prosecutors.

Newsletter

Related Articles

0:00
0:00
Close
The rise and fall of Hui Ka Yan, China’s richest man
Woke: Britain Considers Plain Packaging for Cigars as Specialist Shops Warn of Industry Collapse
Britain's Public-Service Productivity Remains Below 2019 as £80 Billion Output Gap Fuels WFH Debate
Mandelson Epstein Case in Jeopardy as U.S. Files Stay Out of Reach
Prince Harry and Six Others Ordered to Pay £9.5 Million After High Court Defeat
Petrol Bombs Set Luxury Cars Alight Outside Birmingham Wedding as Police Hunt Three Men
Bitcoin Surges Toward $80,000 as Short Squeeze and ETF Inflows Ignite Crypto Rally
Prince Harry and Co-Claimants Ordered to Pay £9.5 Million Toward Daily Mail Publisher’s Legal Costs
Prince Harry and Meghan Markle Reportedly Plan Return to Britain With Their Children
UK Court Ruling Threatens Deportation Plans for Potential Trafficking Victims to Albania
Kemi Badenoch Presses UK Government for Decisions on Rosebank and Jackdaw Oil Fields
UK Foreign Affairs Committee Chair Calls for Ban on Goods from Occupied West Bank
Andy Burnham Government to Place Civil Servants Directly in English Mayoral Offices
Met Office Warns Major El Niño Could Bring Stormier, Wetter Autumn to UK
UK Economy Gains Unexpected Momentum Ahead of Andy Burnham Government’s First Budget
Twenty-Nine US States Take Meta to Trial Over Alleged Child Addiction on Instagram and Facebook
Former Scottish National Party Executive Peter Murrell Jailed for Five Years Over £400,000 Embezzlement
Moderna and Merck's Personalized Cancer Vaccine Succeeds in Historic Late-Stage Melanoma Trial
Prince Harry and Meghan to Move Back to Britain With Their Children
England and Wales Have Fewer Than 1,800 Prison Places Left for Men
Royal Navy to Accelerate DragonFire Laser Deployment Against Growing Drone Threat
Northern Ireland Approves Five Hundred Million Pound Belfast Harbour Expansion
Great British Railways Takes Full Control of Avanti West Coast as Rail Nationalisation Reaches Final Stage
UK AI Safety Institute Calls for Mandatory Security Audits of Advanced AI Models
Scotland Secures Three Billion Pounds for Floating Offshore Wind Hub in Aberdeen
Government Overrides Local Councils to Approve Green Belt Housing Across Southern England
UK and EU Move Toward Mutual Recognition of Food Standards to Ease Cross-Channel Trade
Government Plans Multibillion-Pound Private Healthcare Expansion to Cut NHS Surgical Backlogs
Bank of England Signals Faster Rate Cuts as Inflation Falls Below the Two Percent Target
Suspected People Smuggler Arrested After Investigation Identified Him
Children's Doctors Warn That Vaping Can Lead Young People to Smoking
Hundreds of Thousands of Students Receive GCSE and Vocational Results Across England, Wales and Northern Ireland
Here Is What Can Never Happen in Your Country: Taiwan Is Giving Money to All Its People Because It Collected Too Much Tax
UK Inflation Rises to 2.9% as Energy Bills Jump
UK Issues New Conduct Guide for Asylum Seekers on Consent and Respect
Moderna Shares Surge After Positive Personalized Skin Cancer Trial Results
UK Markets Watch US National Debt Surpass Forty Trillion Dollars
UK Broadcasters Urge Government to Invest in Digital Participation and Broadband
CVC Capital Partners and Standard Life Launch Two Billion Pound Pension Risk Transfer Venture
UK Private Sector Productivity Growth Accelerates in Second Quarter
UK Foreign Secretary Ed Miliband Condemns Israeli E1 Settlement Tender
UK Watchdog Investigates Trainline, Virgin Atlantic and RED Driving School Over Hidden Fees
Prince Harry and Meghan Markle Plan Move to Private Home Outside London
UK Retail Sentiment Improves as Summer Spending Boosts Consumer Confidence
UK Aid Cuts Draw Warnings From Charities Over Humanitarian Consequences
UK Financial Conduct Authority Issues Guidance for Motor Finance Redress Scheme
UK Met Office Launches Aviation Programme to Reduce Climate Impact of Persistent Contrails
Former UK Civil Service Chief Received Record 500,000 Pound Severance Payment
West Midlands to Bring Bus Network Under Public Franchising Model
UK Government Drops Plan to Relax Affordable Housing Requirements After Backlash
×