<
https://theconversation.com/north-koreas-nuclear-program-is-funded-by-stolen-cryptocurrency-could-it-collapse-now-that-ftx-has-195559>
"Since the world’s second-largest crypto exchange, FTX, declared bankruptcy
earlier this month, the flow-on effects have been felt far and wide.
But among the many victims are also some not-so-innocent parties. For the
Democratic People’s Republic of Korea, a country facing heavy sanctions,
cryptocurrency theft has been a (relatively) simple way to fund the country’s
expanding nuclear arsenal.
It’s well documented that Kim Jong-un’s military operation hackers have been
stealing cryptocurrency to support North Korea’s nuclear and missile program
for several years.
But with the general downturn in the crypto market, coupled with the recent FTX
collapse and myriad other pitfalls, analysts estimate North Korea has probably
lost most of its crypto haul.
Can we expect its nuclear weapons development to come to a halt, or slow down?
It seems unlikely."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
