CoinTiger is linked in U.S. virtual-currency forfeiture and UN Panel reporting to 2019 cryptocurrency-laundering activity connected to funds stolen from exchanges and other hacks. The available evidence places the Singapore-based exchange in the broader DPRK cyber-financial ecosystem, where actors shifted toward cryptocurrency exchanges and used trading platforms to convert and move stolen assets.
Annex 95: Suspected DPRK cyberattacks on cryptocurrency-related companies (2017-2023) investigated by the Panel. Table 2019: Victim: CoinTiger; Date: 1 July; Amount (USD equivalent): 272,000; Location: Singapore
Reported: 2019-07; Victims: CoinTiger; Motivations: FinancialGain; Sectors: Cryptocurrency; Countries: Singapore
Annex 95: Suspected DPRK cyberattacks on cryptocurrency-related companies (2017-2023) investigated by the Panel ... CoinTiger 1 July 272,000 Singapore
over 50% of the IP addresses used by TargetActor1 at HitBTC matched IP addresses previously utilized by DPRK cyber actors who have been tied to hacks of at least two other cryptocurrency exchanges