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North Korea Views its USD 1.7B Crypto Hack Hauls as a ‘Long-term Investment’
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North Korea “has hacked USD 1.7 billion worth of crypto from exchanges,” reports have claimed -and experts say that Pyongyang is going long on its haul of tokens, rather than immediately swapping them for cash.
Per Newsis and Chosun, quoting United States federal prosecutor-released statements, North Korean hackers have been “conspiring with other money-laundering criminals” to “steal cryptoassets” from at least “three virtual asset exchanges” before “laundering the proceeds.”
Quoting data from the American blockchain analysis firm Chainalysis and the South Korea-based Asan Institute for Policy Studies (a leading international policy think-tank), the reports explained that at least three notable cases of crypto exchange hacks have been
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