Kim Jong-un Leads Crypto theft to fund nuclear weapons: report

It is believed that North Korean leader Kim Jong-un would support a complex system involving piracy of cryptographic exchanges.

The alleged computer hacking group is called APT 38. This is a highly qualified group of state-sponsored bankers who have managed to steal $ 1 billion from banks to finance its nuclear weapons program. according to Wired.

Last year, the NAC alerted readers to the fact that North Koreans were using cryptos to avoid US sanctions. Then we found that cryptocurrencies were preferred by international criminals and for the financing of terrorism.

Now that the country has focused on cryptographic exchanges, players are taking note of how these bad actors are entering and threatening the space.

Cryptographic piracy marks a shift in the approach to cyber warfare in North Korea. Last year, he supported a fraudulent cryptocurrency called Marine Chain and holds his first lecture on block chains this year.

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– Matt Burgess (@ mattburgess1) April 3, 2019

The fake crypto

North Korea's devious plans to exploit the crypto space for its nuclear plans obviously involved an ICO. A company called Marine Chain was to sell a crypto called via the offer of ship chips.

This plan was part of Kim Jong-un's overall plan to avoid the various sanctions imposed on the country, including by the United States. Ironically, these sanctions are supposed to force the country to end its nuclear weapons program.

Kim Jong-un may have done well when he met with President Donald Trump. However, this symbolic scheme shows, like his other actions, that he has no real intention of disarming.

According to Wired, Marine Chain never started selling the Vessel token. However, it is believed he had the technology to do it. Marine Chain was designed to look legitimate and would have easily fooled unsuspecting people.

The lure offered investors the opportunity to earn money in the lucrative international shipping industry. Wired states:

By investing their money in an offer of ship chips, an alternative cryptocurrency based on the Ethereum blockchain, investors would be able to own parts of ships and then exchange with other buyers. His two-page business plan was designed to capture the imagination of potential buyers. By 2022, the company predicted that 5% of global ship transactions would take place on its platform.

Can not Beat Em 'Steal It

The state-sponsored hacking group would have fewer than 20 people. Still, APT 38 is a great one.

The group is accused of stealing more than half a billion dollars, or 571 million dollars, in cryptographic exchanges. Wired indicates that the flight took place between January 2017 and September 2018 in five Asian stock exchanges.

Thieves have suppressed jobs by hacking crypto-encrypted exchanges and attacking banks with non-compliant security protocols, according to Wired. A security source told the publication:

"Cybersecurity is no longer just about arresting criminals or protecting your technology. It is to prevent regimes like North Korea from obtaining the means to conduct a nuclear war. We must ask ourselves: When North Korea tests its next missile, is it really acceptable that they paid for it with Bitcoin? "