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Is North Korea's Massive Cryptocurrency Theft Changing Global Cybersecurity? 🔐
North Korean hackers #stole $3 billion in cryptocurrency since 2017, with $1.7 billion pilfered in 2022 alone, surpassing the country's export earnings by tenfold.
Recorded Future's report highlights this theft as 45% of North Korea's #military budget and 5% of its economy.
Supported by the government, their focus expanded from South Korea to a global scale, complicating fund tracing.
Sanctions on platforms aiding money laundering indicate the magnitude of their impact, making North Korea a pivotal player in cybercrime, noted by experts at #Chainalysis .
#Binance
#crypto2023
North Korean hackers #stole $3 billion in cryptocurrency since 2017, with $1.7 billion pilfered in 2022 alone, surpassing the country's export earnings by tenfold.
Recorded Future's report highlights this theft as 45% of North Korea's #military budget and 5% of its economy.
Supported by the government, their focus expanded from South Korea to a global scale, complicating fund tracing.
Sanctions on platforms aiding money laundering indicate the magnitude of their impact, making North Korea a pivotal player in cybercrime, noted by experts at #Chainalysis .
#Binance
#crypto2023
🇰🇷 #SouthKorean Officers Used #military Secrets to Buy Cryptocurrency!
Several officers from the South Korean army reportedly used classified military passwords as collateral to secure #Loans for cryptocurrency investments. 💰
📰 Local media, citing the Ministry of Defense, revealed that these active-duty personnel in Chungcheong were unable to obtain funds from #CommercialBanks , leading them to approach private lenders with sensitive military information. 🕵️♂️
The shared passwords, classified as "third-level secrets," granted access to barracks and other military facilities.
👀 Investigations are ongoing, and the officers may face charges under the Military Secret Protection Act. Most of the suspects are in their 20s and 30s. Further details are still under wraps.
#BinanceLaunchpoolHMSTR
Several officers from the South Korean army reportedly used classified military passwords as collateral to secure #Loans for cryptocurrency investments. 💰
📰 Local media, citing the Ministry of Defense, revealed that these active-duty personnel in Chungcheong were unable to obtain funds from #CommercialBanks , leading them to approach private lenders with sensitive military information. 🕵️♂️
The shared passwords, classified as "third-level secrets," granted access to barracks and other military facilities.
👀 Investigations are ongoing, and the officers may face charges under the Military Secret Protection Act. Most of the suspects are in their 20s and 30s. Further details are still under wraps.
#BinanceLaunchpoolHMSTR
