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North Korea has hacked $1.7 billion worth of cryptocurrency from exchanges, considers it a long-term investment

Posted in cryptocurrencies, cybercrime/malcode, government

North Korea has hacked USD 1.7B of crypto and views the loot as a ‘long-term investment’. Experts say that Pyongyang is going long on its take of tokens, rather than quickly trading them for cash.

North Korea’s crypto exchange attacks

According to Newsis and Chosun, the US federal government prosecutor issued statements saying that North Korean hackers have been “conspiring with other money-laundering criminals” to “steal crypto-assets” from at least “three digital asset exchanges” before “laundering the proceeds.”

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