North Korea is scaling $6bn crypto crime racket across Russia, Hong Kong, and Cambodia, says new report – DL News
- New multilateral report details how Pyongyang’s hackers launder billions in stolen crypto.
- Proceeds used to fund nuclear and other programmes.
North Korean crypto operations are entering a new phase.
Pyongyang’s state-backed hackers are scaling up their use of cryptocurrency to bypass United Nations sanctions, funnelling stolen funds through brokers and shell companies across Russia, Hong Kong, and Cambodia.
That’s according to a new report published on October 22 by South Korea, Japan, the US, and the EU, which reveals how North Korean cyber teams are refining their digital playbook, conducting multimillion-dollar heists and laundering the proceeds via a sophisticated network of crypto intermediaries.
The new findings underscore how…
