The American and his associates assisted North Korean hackers in laundering millions of dollars in cryptocurrency equivalents through a series of bogus bank account activities. He now faces a sentence of 11 years in prison and a fine of $30 million.
Ghaleb Alaumary, a Canadian-American who has become a crucial actor in the transmission of funds to North Korean military hackers, was sentenced by the US Department of Justice (DOJ) in a news release.
The Department of Justice accused three North Korean military intelligence personnel of stealing $1.3 billion in cyber assaults and extortion in early 2020, including taking $100 million from cryptocurrency companies and planning an attack on Sony Pictures in “reaction” to a parody film. North Korea’s dictatorship is discussed in this interview.
Ghaleb Alaumary, a resident of Ontario, confessed to conspiring to launder money for North Korea in the same year. He was a significant player in laundering unlawfully obtained funds, cashing them out at ATMs, and enlisting the help of third parties. Hackers broke through BankIslami’s security and stole $6.1 million from a Pakistani commercial bank.
Alaumary claimed to work for other “clients” in addition to North Korean criminals. For example, in response to one of the requests, the American concocted a ruse involving a chain of emails with a Canadian university, posing as a construction firm employee. He was able to secure a $9.4 million transfer from the institution as part of this “agreement.” Several Asian banks and a British football team are among the other victims.
According to the US Department of Justice, after receiving cash into the account, Alaumary laundered them through bank transfers and then exchanged them into the equivalent of other digital currencies. As a result, hundreds of millions of dollars stolen from various local and international organizations were withdrawn from the country thanks to his efforts. In addition, North Korea stole more than $1.75 billion from exchanges, according to Chainalysis experts.
The North Korean hackers are still free, and it is unlikely that the US will deport them. The lack of an extradition agreement and tense relations with the DPRK are the reasons behind this. However, for the first time this year, the US executed the extradition of a DPRK person in Malaysia.