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Monday, September 14, 2020

North Korean hackers steal billions in cryptocurrency. How do they turn it into real cash?

Title:
North Korean hackers steal billions in cryptocurrency. How do they turn it into real cash?

Author:
Patrick Howell O'Neill

Published:
MIT Technology Review, 10 September 2020
https://www.technologyreview.com/2020/09/10/1008282/north-korea-hackers-money-laundering-cryptocurrency-bitcoin/

From the article:
* For Pyongyang’s hackers, the heist is the easy part. Actually getting their hands on the money is a different story.

* The United Nations says these actions bring in vast sums which the regime uses to develop nuclear weapons that can guarantee its long-term survival.