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North Korea targets Bitcoin and other cryptocurrency firms amid sanctions

Cryptocurrency
Wednesday September 27, 2017 05:40

North Korea targets Bitcoin and other cryptocurrency firms amid sanctions

Posted by Chris Budiman

North Korea targets cryptocurrencies to compensate for losses under sanctions.


Korean hackers are targeting South Korean banks and other cryptocurrency outlets in response to the increasingly harsh international sanctions that have been levied against and are starting to take their toll on the Hermit Kingdom.

The targeted cryptocurrencies, which have greatly increased in value lately, are being used by North Korea to evade sanctions since they can be cashed in for hard currencies to fund the regime.

For the full article go to https://www.scmagazine.com/n-korea-targets-cryptocurrencies-to-compensate-losses-under-sanctions/article/688267/