North Korea Just Hustled In Up To $200 Million Last Year From Bitcoin And Cryptocurrencies.

[angrycrypto]

Just last year, there was huge hack towards the South Korean’s Bitcoin Exchange and through mining and more hacking N.Korean’s have obtained estimated 11,000 bitcoins last year.

Anywhere from $25 million to $200 million was made by selling the stolen cryptocurrencies to buyers and turning them into fiat currencies to support their nuclear power developments.

The director of strategic threat development at US cyber threat intelligence company, Recorded Futures stated

“There are not very many ID or security requirements, and many of these currencies are founded around – or at least very much focused on – anonymity for their users”

“That kind of makes it a perfect platform for countries like North Korea, which are pretty isolated from the international financial system to begin with, to use this new form of commerce that’s thus far exsited pretty much outside of countries ‘regulatory control.’”

If Pyongyang had cashed them in during mid-December bitcoin craze – they could’ve earned up too $210 million which when the price was at their peak.

Comments

[krguidedog]

Woff, woff!

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I'm a guide dog living in KR community. I can see that you want to contribute to KR community and communicate with other Korean Steemians. I really appreciate it and I'd be more than happy to help.

KR tag is used mainly by Koreans, but we give warm welcome to anyone who wish to use it. I'm here to give you some advice so that your post can be viewed by many more Koreans. I'm a guide dog after all and that's what I do!

Tips:

• If you're not comfortable to write in Korean, I highly recommend you write your post in English rather than using Google Translate.
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Woff, woff! 🐶

[smigol]

hi... this is korea community kr-guide!