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Ethereum Foundation-funded program exposes 100 DPRK workers in crypto The Ethereum Foundation said it funded a six-month project that exposed 100 North Korean operatives who had infiltrated Web3 compa

Ethereum Foundation-funded program exposes 100 DPRK workers in crypto
The Ethereum Foundation said it funded a six-month project that exposed 100 North Korean operatives who had infiltrated Web3 companies under fake identities.
The foundation on Thursday shared a recap of its ETH Rangers program, which was launched in late 2024 to provide "stipends for individuals doing public goods security work" within the ecosystem.
One of the recipients used the capital to build the Ketman Project to focus on investigating “fake developers” embedded within crypto, particularly operatives from the People's Republic of Korea.
During the six-month stipend period, the Ketman Project identified "100 different DPRK IT workers operating within Web3 organizations" and reached out to about 53 projects to alert them about having potentially employed active DPRK operatives.
"This work directly addresses one of the most pressing operational security threats facing the Ethereum ecosystem today," the Ethereum Foundation said.
North Korean operatives have been plaguing the crypto sector, leading to billions worth of crypto stolen over the years. One of the highest-profile hacking groups from North Korea is known as the Lazarus Group.



Ethereum Foundation-funded program exposes 100 DPR

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Claim1,200 USDT in the Monthly Creation ChallengeHTX Community Spring Creation ContestVote to help HTX win & share 300 USDT!South Korea is kicking off a pilot that will replace government expense cred

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South Korea is kicking off a pilot that will replace government expense credit cards with blockchain‐based deposit tokens.

Blockchain Goes TradFi?
The Ministry of Finance and Economy announced on an official press release that the pilot project for the execution of national treasury funds using blockchain‐based digital currency has been approved.

This new official venture marks the second time in which South Korea’s government uses digital currency and deposit tokens for the execution of national treasury funds, following another pilot project for building electric‐vehicle charging facilities and paying national subsidies together with the Ministry of Environment.

Deposit tokens are digital claims on commercial bank deposits, issued on permissioned blockchain rails, spendable by citizens and companies at participating merchants and service providers.

In simpler words, deposit tokens are digital versions of the money already kept in a normal bank account. The bank “wraps” those deposits into tokens on a private (permissioned) blockchain, and you can then spend those tokens at approved shops or service providers, just like using a card or mobile wallet.

In contrast with Central Bank Digital Currencies (CBDCs), that are digital versions of a country’s official money, created and managed directly by its central bank, deposit tokens have programmable settlement, transparent tracking of public money, and real‐time reporting for the state.

Pilot Details
The press release states that under the current National Treasury Funds Management Act, business promotion costs and related operating expenses are required to be paid with government purchase cards, effectively blocking the use of deposit tokens. Thanks to the new regulatory sandbox, those same payments can now be made with deposit tokens, creating a real‐world testbed for a new government

South Korea is kicking off a pilot that will repla

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The question at @blockworksDAS wasn't whether institutions are coming onchain. They are. The question was what infrastructure is ready for them. We came with an answer. Espresso was one of the top 7 m

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A Russian-linked crypto exchange, Grinex, has suspended its services after a major cyber attack that resulted in the theft of roughly 1 billion roubles ($13 million). Crypto Exchange Grinex Accuses ‘Unfriendly States’In a statement released on Thursday, the exchange claimed that the attack was carried out by “foreign intelligence services,” claiming that the “digital footprints” and overall character of the hack pointed to an unprecedented level of resources and technology available only to entities from “unfriendly states.” The exchange also claimed that, based on preliminary information, the operation was coordinated to directly harm Russia’s financial sovereignty.Related Reading: Justin Sun Slams World Liberty Financial’s Latest Proposal, Calls It ‘World Tyranny’Even though Grinex is registered in Kyrgyzstan, blockchain intelligence firm Elliptic said the platform has strong ties to Russia. Elliptic also described Grinex as one of the largest venues for exchanging Russian rubles into crypto assets. Elliptic further connected Grinex’s rise to Garantex, a Russian exchange that has been sanctioned by the US Treasury’s Office of Foreign Assets Control (OFAC) and targeted for laundering “hundreds of millions of dollars” associated with ransomware, darknet markets, and state-sponsored hacking groups.  Links Between Grinex And GarantexIn that case, Elliptic worked with the US Secret Service to identify crypto wallets controlled by Garantex, a step that helped enable the freezing of $26 million in stablecoins. According to Elliptic, Grinex is likely to have common ownership and management with Garantex and was created as a response to the sanctions imposed on Garantex. After Garantex was shut down, Elliptic said much of its liquidity and customers moved to Grinex

Trusted Editorial content, reviewed by leading ind

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0G Labs said it is building infrastructure for autonomous agents to execute financial tasks onchain, and the project has raised about $325 million to date. Michael Heinrich said meaningful adoption of

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There was a time when ecosystems could operate independently. If you had enough users and liquidity, you didn’t need to connect to anything else. That time is ending. Capital is no longer loyal to a s

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The UK’s FCA has opened a fresh consultation on how stablecoins, trading, custody and staking will be regulated before a full crypto regime goes live in 2027. Summary The UK Financial Conduct Authorit

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Axie Infinity 50% pump expected as per source

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