"We need to think about more creative ways in order to get at the ultimate issue here, which is that they're generating revenue for their weapons of mass destruction (WMD) and ballistic missile programs." - Jessica Peck
In this episode, Ian Andrews (CMO, Chainalysis) is lucky enough to grab Jessica Peck (Senior Counsel, US Department of Justice) and Chris Wong (Supervisory Special Agent, FBI) right off of the main stage to their experiences investigating North Korea's involvement in cryptocurrency and their efforts to track and seize stolen assets. Chris shares his journey from working on interdicting assets to diving into the world of crypto, while...
"We need to think about more creative ways in order to get at the ultimate issue here, which is that they're generating revenue for their weapons of mass destruction (WMD) and ballistic missile programs." - Jessica Peck
In this episode, Ian Andrews (CMO, Chainalysis) is lucky enough to grab Jessica Peck (Senior Counsel, US Department of Justice) and Chris Wong (Supervisory Special Agent, FBI) right off of the main stage to their experiences investigating North Korea's involvement in cryptocurrency and their efforts to track and seize stolen assets.
Chris shares his journey from working on interdicting assets to diving into the world of crypto, while Jessica discusses her transition from prosecuting weapons and narcotics cases to focusing on cybercrime and cryptocurrency-related investigations.
The trio explore the tactics used by North Korea to launder money and the effectiveness of sanctions in combating these activities. They also describe the new trends of North Koreans being unknowingly hired by blockchain companies around the world and the associated risks.
Minute-by-minute episode breakdown
2 | FBI's Involvement in intercepting North Korean mineral exports
4 | Jessica and Chris’ background and their first crypto investigation cases
7 | Thwarting North Korean crypto revenue and tracking and recovering stolen cryptocurrency
11 | Tracing North Korea's cryptocurrency laundering efficacy
17 | Evaluating the effectiveness of sanctions on cryptocurrency mixers
19 | Debating cybersecurity and risk management in crypto
25 | North Koreans being employed by crypto firms to develop smart contracts
27 | Best practices for staying safe in crypto and avoiding costly hacks
Related resources
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
- Website: FBI: We protect the American people and uphold the U.S. Constitution
- Website: DOJ: To uphold the rule of law, to keep our country safe, and to protect civil rights
- Article: FBI Identifies Lazarus Group Cyber Actors as Responsible for Theft of $41 Million from Stake.com
- Blog: $30 Million Seized: How the Cryptocurrency Community Is Making It Difficult for North Korean Hackers To Profit
- Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!)
- Blog: International Agencies Sanction Russian National Dmitry Yuryevich Khoroshev, Leader of Cybercrime Group LockBit, for Developing and Distributing Ransomware
- YouTube: Chainalysis YouTube page
- Twitter: Chainalysis Twitter: Building trust in blockchain
- Tik Tok: Building trust in #blockchains among people, businesses, and governments.
- Telegram: Chainalysis on Telegram
Speakers on today’s episode
- Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)
- Jessica Peck (Senior Counsel, US Department of Justice)
- Chris Wong (Supervisory Special Agent, FBI)
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