@IntCyberDigest: Railgun defaults in US lawsuit over North Korean crypto launder

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❗️ Crypto mixer Railgun ignored a US lawsuit claiming it laundered North Korea's stolen crypto, and is now in default. The plaintiffs are victims and families holding $865M in US terrorism judgments against North Korea. Courts found it abducted a US permanent resident pastor in China in 2000 and tortured him to death, and backed Hezbollah's 2006 rocket attacks on Israel. They say Railgun should have frozen North Korea's funds so they could seize them. The FBI says North Korean hackers laundered $60M+ through Railgun in January 2023. The suit claims ~70% of the money it handled was North Korea's.

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@IntCyberDigest: Railgun defaults in US lawsuit over North Korean crypto launder

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Crypto mixer Railgun has defaulted in a US lawsuit that claims it laundered North Korea's stolen cryptocurrency after ignoring the case. The plaintiffs are victims and families holding $865 million in US terrorism judgments against North Korea, and they argue Railgun should have frozen North Korea's funds so they could seize them. The suit cites an FBI finding that North Korean hackers laundered more than $60 million through Railgun in January 2023, and it claims about 70% of the money Railgun handled was North Korea's.

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