Latest News

North Korea launches a crypto-bomb at the United States, dubbing it the “King of Theft.”

North Korea has long dominated the news, not just because of its “habitual” ballistic missile launches (which irritate Uncle Sam and his allies), but also because of its penchant for (supposedly) stealing other countries’ crypto.

North Korea accused the US of stealing assets and engaging in underhanded cybercrime on Thursday (Feb. 10), only days after the UN accused Pyongyang of launching cyberattacks on cryptocurrency exchanges around the world.

North Korean officials claim that the US is a “hacking king,” a “wiretapping regime,” and a “covert stealing specialist.”

Refuting UN Claims of Crypto Theft

Despite the fact that the UN observers did not expressly name the United States. Also, they claimed that the information came from a “member nation”. Then, and mentioned data gathered by the American firm Chainalysis on supposed crypto raids.

According to EDaily, a South Korean news outlet, the North Korean foreign ministry refuted UN monitors’ claims that North Korean hackers stole more than $50 million between 2020 and 2021.

According to a report released last year, North Korea hacked $1.8 billion in cryptocurrency from different exchanges around the world.

Related Posts : Samsung unveils the world’s first smart TV with NFT browsing and trading capabilities

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.