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

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

Reuters

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