Inside North Korea’s evil masterplan to siphon Southeast Asia’s cryptocurrency

Tech 1 week ago The Next Web 7

North Korea might be posturing to attack Southeast Area’s growing cryptocurrency sector, and experts say it demands international response to reduce the threat. British defense think-tank Royal United Services Institute (RUSI) has warned countries like Singapore, Thailand, Malaysia, and Vietnam could soon become targets of state-sponsored hackers intent on skirting international economic sanctions, CNBC reports. “North Korean networks have engaged in fundraising and have evaded trade and financial restrictions through the use of front companies, agents and deceptive financial techniques at banks across the region,” RUSI declared. “North Korea could cash out its cryptocurrency profits by relying on its extensive overseas financial networks…

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