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How North Korea Cheated Its Way to Crypto Billions
The story is on the front page of The Wall Street Journal. this morning.
How North Korea Cheated Its Way to Crypto Billions
More than $6 billion from heists highlights the sophistication of cyber operations funneling cash to Kim Jong Un’s nuclear program
By Patricia Kowsmann in Singapore and Timothy W. Martin in Seoul
Updated April 3, 2025 12:07 am ET
At 11:49 a.m. on July 18, North Korean hackers pounced on a major cryptocurrency exchange handling hundreds of millions of dollars.
The hackers slipped into the exchange’s virtual vault, took control and then started pilfering cryptocurrency tokens. Within a little more than an hour, the hackers had disappeared—and with them, more than $200 million for the Kim Jong Un regime.
{paywall}
More than $6 billion from heists highlights the sophistication of cyber operations funneling cash to Kim Jong Un’s nuclear program
By Patricia Kowsmann in Singapore and Timothy W. Martin in Seoul
Updated April 3, 2025 12:07 am ET
At 11:49 a.m. on July 18, North Korean hackers pounced on a major cryptocurrency exchange handling hundreds of millions of dollars.
The hackers slipped into the exchange’s virtual vault, took control and then started pilfering cryptocurrency tokens. Within a little more than an hour, the hackers had disappeared—and with them, more than $200 million for the Kim Jong Un regime.
{paywall}