Just the News: North Korea-linked hackers have stolen at least $200 million in cryptocurrency this year, which they are using to fund the communist country’s nuclear programs, according to new research.
From January to Aug. 18, North Korea-affiliated hackers accounted for more than 20% of all stolen cryptocurrency after stealing $200 million in crypto during this time, according to TRM Labs, a blockchain intelligence firm.
— John Crypto (@CryptoBossJohn) September 6, 2023
Since 2018, North Korea appears to have stolen more than $2 billion in crypto through more than 30 attacks, the firm said.
North Korea is struggling under sanctions, which include bans on financial services and are aimed to limit the country’s ability to fund its nuclear activities, which have been increasing in recent years.
🔥🔥 CoinW Daily Report 0905
⭐️ $Bitcoin price: $25,759. ⬇️ 0.61% in 24H
💥 Is South Korea planning to confiscate #cryptocurrency from North Korean hackers? North Korean hackers have repeatedly used social engineering techniques to attack blockchain infrastructure, such as… pic.twitter.com/0lPbtGhVpS
— CoinW Exchange (@CoinWOfficial) September 5, 2023
“They are under pretty serious economic stress with international sanctions. They need every dollar they can. And this is just obviously a much more efficient way for North Korea to make money,” TRM Labs intelligence analyst Nick Carlsen said, CNBC reported Tuesday.
South Korea is working on a law to identify and freeze cryptocurrencies stolen by North Korean hackers, who are accused of using these funds to support Pyongyang's arms and missile programs.
— Torekko News (@torekkonews) September 6, 2023
“Even if that dollar stolen in crypto doesn’t directly go towards the purchase of some component for the nuclear program, it frees up another dollar to support the regime and its programs,” Carlsen also said.
GOP Weakens Slim House Majority In Incredible Feat Of Self-Sabotage – George Santos Expelled
The Post Millennial: On Friday, the House of Representatives voted to expel Republican Rep. George Santos by a vote of...
Biden Admin Betrayal: Blinken Tells Israel It Lacks ‘Credit’ To Defeat Hamas
Breitbart: U.S. Secretary of State Antony Blinken told Israel that it lacks “credit” to conduct the kind of military campaign...
‘A Friend Of Ours Forever’ – Chinese Communists Celebrate Life Of Henry Kissinger, Dead At 100
Breitbart: Genocidal Chinese dictator Xi Jinping, the Chinese Foreign Ministry, and regime-approved commenters on the tightly controlled Chinese internet...
House Republicans Who Defied Pelosi’s Mask Mandate Appeal To SCOTUS
SCNR: Three Republicans who were fined by former House Speaker Nancy Pelosi for not wearing masks have asked the United...
Biden’s DOJ Seized Extensive Records Of Users’ Interactions With President Trump’s Twitter Account
The Post Millennial: Biden’s Department of Justice released the redacted search warrant for Donald Trump’s Twitter account from by special...
Exclusive Poll – Voters’ Top 3 Descriptions Of Joe Biden: Old, Weak, and Tired
Breitbart: The top three descriptions of President Joe Biden by likely registered voters depicted the 81-year-old as low energy, according...
Trump’s Attorneys Demand DOJ Documents Regarding Undercover Activity On J6
The Post Millennial: In a discovery letter filed last week in the US District Court for the District of Columbia,...
New Details Emerge Of Inhumane Israeli Hostage Conditions Under Hamas
Breitbart: More details are emerging about the harsh conditions in which Hamas kept Israeli hostages, including children and the elderly....
Political Correctness Run Amok – Border Patrol Required To Use ‘Preferred’ Pronouns
Just the News: The Biden Homeland Security Department’s new pronoun rules for illegal immigrants is getting lambasted by the union...