North Korea Stolen Crypto Stash Suffers Huge Beat-Down Following Bitcoin’s Crash To $18k
— United states also blamed lazarus, Committed one, Harmful, Stolen funds, Massive cash crisis, Creditors, Significantly devaluing stolen crypto assets, Reconnaissance general bureau, Significantly facing, North korea — 1 min read
North Korea is struggling with a massive cash crisis after significantly devaluing stolen crypto assets. Lazarus, a group of hackers headquartered and operating in North Korea, has committed one of the biggest hacks, the Defi network amounting to $615 million. The united states also blamed Lazarus for having done several big hacks on networks like Sony entertainment and “Wanna cry” and hacked many international banks. Most of the stolen funds were used to finance the army and help support the country’s struggling economy. The decreasing prices of crypto will be harmful to the hackers because it will not be easy for them to cash out stolen funds. Bitcoin prices are significantly facing a severe downtrend for $ 650 million were stolen by Lazarus hacker group based in North Source