by: xpoolPosted on:

North Korea’s Crypto Laundering Fuels Weapon Programs

North Korea has been using cryptocurrency to fund its weapons programs, laundering billions of dollars to support missile development and nuclear ambitions. The regime utilizes a network of cybercriminals and IT workers deployed abroad to bypass international sanctions and mask illicit financial activities. Between January and September 2024, North Korea laundered an estimated $1.65 billion in cryptocurrency, according to reports from the UN-imposed restrictions. A recent Bybit exchange hack, which saw the theft of a significant amount of funds, demonstrates the regime’s continued reliance on digital currency. This has further intensified their efforts to acquire weapons and materials for military expansion.

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