Hushpuppi Freshly Accused Of Collaborating With North Korean Hackers To Launder Funds

Hushpuppi Freshly Accused Of Collaborating With North Korean Hackers To Launder Funds


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Hushpuppi Freshly Accused Of Collaborating With North Korean Hackers To Launder Funds

Hushpuppi Freshly Accused Of Collaborating With North Korean Hackers To Launder Funds

Hushpuppi has once again been named in a cyber crime heist as he reportedly collaborated with North Korean hackers to launder funds stolen from a Maltese bank.

On Wednesday, Abbas’ name emerged among details of a larger international criminal conspiracy involving so-called North Korean military hackers involved in “a series of destructive cyberattacks, to steal and extort more than $1.3 billion of money and cryptocurrency from financial institutions and companies,” according to the Justice Department statement on the new indictment.

FBI Deputy Director Paul Abbate said in the statement that Wednesday’s unsealed indictment expands the FBI’s 2018 charges for the “unprecedented cyberattacks conducted by the North Korean regime.” Assistant Attorney General John C. Demers of the Justice Department’s National Security Division added, “As laid out in today’s indictment, North Korea’s operatives, using keyboards rather than guns, stealing digital wallets of cryptocurrency instead of sacks of cash, are the world’s leading bank robbers.”

Abbas is linked to one specific part of the “broad array of criminal cyber activities undertaken by the conspiracy,” namely money laundering and the attack on a “foreign financial institution. A spokesperson for the Bank of Valletta confirmed to Forbes that it was the target of a cyber incident in February 2019.

Abbas was linked to the North Korean conspiracy this week when federal prosecutors unsealed a charge against Ghaleb Alaumary, 37, of Ontario, Canada. Alaumary plead guilty to charges related to his role as a money launderer for the North Korean group filed in November 2020. The Justice Department connected Abbas to the North Korean hackers through Alaumary, who they allege “conspired” with “Ray Hushpuppi,” to “launder funds from a North Korean-perpetrated cyber-enabled heist from a Maltese bank in February 2019.”

The attack, although largely unsuccessful, was of such seriousness in Malta that the country’s prime minister, Joseph Muscat, was forced to address parliament in 2019 over what the Times of Malta described as the “creation of false international payments that saw €13 million transferred to banks in four countries.” The amounts were reportedly “traced” and “reversed” and none of the bank’s customers lost their money.

Hushpuppi 38, was arrested in Dubai last year to face criminal charges in the US over allegations that he made “hundreds of millions of dollars” from business email compromise frauds and other scams.

His trial was to have commenced late last year, but was delayed by the COVID-19 pandemic.

Hushpuppi Freshly Accused Of Collaborating With North Korean Hackers To Launder Funds


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