North Korean Internet Use Spikes 300% as Regime Turns to Cryptocurrencies

North Korean Internet Use Spikes 300% as Regime Turns to Cryptocurrencies

North Korea’s internet use saw a 300% surge over the past three years as the country’s regime has continued to rely on cryptocurrencies. North Korea’s internet use saw a 300% surge over the past three years, as the country’s regime has continued to rely on cryptocurrencies for various activities.Exploitation of crypto and blockchain technology is among the primary tactics for the country to generate revenue as well as transfer and use illicitly obtained funds,…

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North Korea Stole $2 Billion in Cryptocurrency From Exchanges, Says UN

North Korea Stole $2 Billion in Cryptocurrency From Exchanges, Says UN

State-sponsored attacks on exchanges and banks generated considerable revenue under sanctions, new report claims. North Korea has netted around $2 billion by hacking banks and cryptocurrency exchanges, according to the United Nations.UN: Hacked crypto funds weapons of mass destructionIn a confidential report acquired by mainstream media outlets including Reuters on Aug. 5, the U.N. Security Council North Korea sanctions committee said that hackers formed an essential part of government funding. “Democratic People’s Republic of Korea…

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