FBI warns crypto firms of North Korea move to cash out $40M in stolen Bitcoin

The U.S. Federal Bureau of Investigation (FBI) warned crypto companies that North Korea may soon attempt to cash out some of its illegally acquired Bitcoin worth more than $40 million.

In an Aug. 22 notice, the law enforcement agency revealed that North Korea-linked TraderTraitor-affiliated actors, including Lazarus Group and APT38, consolidated 1,580 BTC into six wallets during the last 24 hours.