Crypto crash threatens North Korea's stolen funds - News Summed Up

Crypto crash threatens North Korea's stolen funds


Technology Crypto crash threatens North Korea's stolen fundsNorth Korean leader Kim Jong Un. The United States says Lazarus is controlled by the Reconnaissance General Bureau, North Korea's primary intelligence bureau. Analysts are reluctant to provide details about what types of cryptocurrency North Korea holds, which might give away investigation methods. "Converting to cash remains a key requirement for North Korea if they want to use the stolen funds," said Carlsen, who investigated North Korea as an analyst at the FBI. But Chainalysis said it had yet to see a major change in North Korea's crypto behaviour, and few analysts expect North Korea to give up on digital currency heists.


Source: The North Africa Journal June 29, 2022 14:40 UTC



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