North Korea Reportedly Using Cryptocurrencies to Fund its Nuclear Program.
Priscilla Moriuchi, a former US National Security Agency officer, recently accused the North Korean regime of using cryptocurrencies to fund its nuclear program. According to Ms Moriuchi, who now works for cyber threat intelligence firm Recorded Future, an estimated 11,000 Bitcoins are supposed to have been accumulated by the North Korean regime in 2017. The cybersecurity expert further stated that if North Korea sold them when their price peaked in last December, the regime could have netted around $210 million.
According to Telegraph, another cybersecurity expert, Jeremy Samide, noted that “cryptocurrencies make it easier to trade in weapons, drugs and other illicit goods. North Korea stands accused of using digital money to sell arms and buy oil from Iran and Libya.”
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