North Korean IT workers infiltrated crypto projects using false identities.
Funds laundered through decentralized exchanges finance North Korea’s military programs.
The FBI and Treasury Department are increasing scrutiny of the crypto firms involved.
North Korea is secretly infiltrating the cryptocurrency sector by disguising its citizens as IT workers and using other deceptive tactics to channel funds into the regime’s military programs.
The finding came through as U.S. authorities increased scrutiny on decentralized exchanges (DEX) involved in suspicious activities.
Investigations show how North Korea, known for exploiting vulnerabilities in cryptocurrency systems, is now preying on the sector’s decentralized and largely unregulated nature. Sources say DPRK-affiliated IT workers have falsified documents to gain access to high-profile blockchain projects undetected.
Many crypto companies, including startups, have unknowingly hired these workers, allowing North Korea to divert millions of dollars into its state-run organizations.
DeFi Platforms Particularly Vulnerable
By posing as freelancers, these workers have gotten jobs on major blockchain…
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