Reuters reveals crypto crash threatens North Korea's stolen funds as it ramps up weapons tests | Reuters News Agency
Technology

Reuters reveals crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

Reuters revealed that the nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, threatening a key source of funding for the sanctions-stricken country and its weapons programmes. North Korea has poured resources into stealing cryptocurrencies in recent years, making it a potent hacking threat and leading to one of the largest cryptocurrency heists on record in March, in which almost $615 million was stolen, according to the U.S. Treasury.

Article Tags
Topics of Interest: Technology
Type: Reuters Best
Sectors: Technology
Regions: Asia
Countries: North Korea
Win Types: Impact (Long Term)
Story Types: Human Interest / Feature
Media Types: Text
Customer Impact: Important Regional Story
Korea RTS7D1M4
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