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Report: Crypto Market Crash Wipes Millions of Dollars From North Korea’s Kitty of Stolen Cryptocurrencies

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Report: Crypto Market Crash Wipes Millions of Dollars From North Korea’s Kitty of Stolen Cryptocurrencies

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The recent plunge in the value of cryptocurrencies may have wiped out millions from North Korea’s fund comprised of stolen crypto assets.

The diminishing value of cryptocurrencies is believed to be affecting Pyongyang’s ability to fund its weapons programs.

The Seoul-based Korea Institute for Defense Analyses estimates that Pyongyang has spent as much as $620 million on missile tests this year alone.


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Article Details

Author / Journalist: Terence Zimwara

Category: Crypto

Topics: Nick Carlsen Korea Institute for Defense Analyses News North korea hackers Cryptocurrency Chainalysis Korea Institute for Defense Analyse Lazarus Group Ronin Hack

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 07:30:37

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Reading Time: 2 minutes read

Article Length: 350 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 24712

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About Bitcoin News

Bitcoin News Logo

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 14 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 9h ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #62

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