$1 Million Crypto Heist by North Korean Hackers EXPOSED!
In today’s episode: 🇺🇸 US Justice Department charges four North Koreans in $1 million crypto theft, 💶 Paxos launches USDG stablecoin in Europe with major exchange support, 🇱🇹 Robinhood opens first European crypto hub in Lithuania, 🏦 Circle applies for US national trust bank status, and ⚖ New York man faces 20 years for $1.2 million Bitcoin fraud.
The US Department of Justice charged four North Korean nationals with fraud, cryptocurrency theft, and money laundering, involving about $1 million stolen from two crypto firms in Atlanta and Serbia. Using fake IDs and remote work, the accused altered smart contract code and used crypto mixers to conceal transactions. This criminal scheme helps fund banned North Korean programs, warns US officials.
Paxos introduced USDG, a dollar-pegged stablecoin, for European users via its Finnish branch. Supported by Robinhood, Kraken, and others, USDG complies with strict EU MiCA regulations and is already trading on multiple blockchains. The stablecoin aims to compete with USDC and meet growing demand for regulated crypto assets in Europe.
Robinhood Europe secured a broker license from Lithuania’s central bank, launching its first crypto center in the EU. The platform offers commission-free trading of over 20 digital assets, staking programs, and plans tokenized stocks on Arbitrum blockchain. This expands Robinhood’s European presence after acquiring Bitstamp.
Circle applied to establish a national trust bank in the US to better manage USDC reserves and meet evolving regulatory standards. The trust bank will hold assets securely, without offering loans or accepting deposits, marking a key step for Circle’s compliance and infrastructure development in the stablecoin sector.
A New York resident faces up to 20 years imprisonment for a $1.2 million Bitcoin fraud involving fake checks and hacked corporate emails. The FBI uncovered a scheme using multiple bank accounts to convert stolen funds into Bitcoin. Authorities highlight growing crypto-related fraud risks worldwide.
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#northkorea #cryptotheft #paxos #usdg #robinhood #lithuania #circle #usdc #bitcoinfraud #CryptoNews
⏱ Timestamps
00:00 – Introduction
00:17 – Topics
00:55 – US charges North Korean crypto hackers
02:28 – Paxos launches USDG stablecoin in Europe
04:06 – Robinhood opens crypto hub in Lithuania
05:29 – Ad break: Internet CashBanx
06:00 – Circle applies for US trust bank status
07:14 – New York Bitcoin fraud case
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