North Korea targets $3B in stolen cryptocurrency

A report by Recorded Future’s Insikt Group highlights an increase in North Korean cyberattacks against the cryptocurrency industry since 2017, with more than $3 billion worth of cryptocurrencies stolen. The report attributes up to 50% of North Korea’s ballistic missile funding to these cyber thefts. The isolated regime is suspected of laundering the stolen assets and using them for purchases and services, with individual users, VC firms, and tech companies targeted. The report calls for stronger regulations and cybersecurity measures.