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Kim Jong Un May Be Using Stolen Crypto to Offset Economic Fallout

Published 05/14/2020, 05:45 PM
Updated 05/14/2020, 07:20 PM
Kim Jong Un May Be Using Stolen Crypto to Offset Economic Fallout
BTC/USD
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North Korean leader, Kim Jong-un, is reportedly backing a group of hackers. Their goal? Stealing cryptocurrencies like Bitcoin (BTC) using phishing scams. Sources indicate that the country has ramped up these efforts in an attempt to prevent a financial meltdown amid the COVID-19 crisis.

A report published on May 13 by the U.K. Mirror claims that the Lazarus group, a hacking syndicate with alleged ties to the North Korean state, could be launching a cybercrime campaign of advanced persistent threat, or APT, attacks.

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