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

by DailyBriefers
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Technology

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

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