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flag Australia and U.S. impose sanctions on North Korean cyber actors linked to billions in crypto theft.

flag Australia has imposed sanctions on four entities and one individual linked to North Korean cybercriminals, targeting those funding the country’s weapons programs through cybercrime. flag The move, coordinated with the U.S., follows reports that North Korean hackers stole at least $1.19 billion in cryptocurrency in 2024 and $1.65 billion in early 2025, including $1.4 billion from the Bybit exchange. flag Funds were laundered via networks in China, Russia, and other countries. flag The U.S. also sanctioned eight individuals and two entities for similar activities. flag North Korea condemned the actions as hostile pressure, vowing countermeasures. flag Diplomatic talks remain stalled since 2019, with Pyongyang strengthening ties with Russia and advancing its nuclear and missile programs.

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