Thursday, September 10, 2020

North Korean hackers steal billions in cryptocurrency. How do they turn it into real cash?

Recommendable! North Korea has engaged for decades in illegal or criminal activities to make money! The reunification of the Korean Peninsula is long overdue! Why are Russia and China preventing it?

"... In the last decade, Pyongyang has increasingly turned to cybercrime—using armies of hackers to conduct billion-dollar heists against banks and cryptocurrency exchanges, such as an attack in 2018 that netted $250 million in one fell swoop. The United Nations says these actions bring in vast sums which the regime uses to develop nuclear weapons that can guarantee its long-term survival. ..."

North Korean hackers steal billions in cryptocurrency. How do they turn it into real cash? | MIT Technology Review For Pyongyang’s hackers, the heist is the easy part. Actually getting their hands on the money is a different story.

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