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North Korea bears the brunt of the crypto market crash
The crypto market crash is impacting North Korea’s weapons programme
The recent crypto market crash has made its way to North Korea, where hackers are bearing the brunt.
The isolated country relies on stolen crypto to fund part of their weapons program.
But as crypto holdings drop by millions of dollars, the nation is reportedly scrambling to find new ways to fund Pyongyang’s missile plans.
North Korea has ramped up its stolen crypto assets in recent times leading to one of the largest cryptocurrency heists on record earlier this year.
Hackers allegedly stole $615 million worth of crypto prompting the U.S. tplace a warning about potential workers who are hiding their identities to find jobs abroad.
Meanwhile, crypto holdings have decreased in value with the market sliding below $1 trillion for the first time since January 2021.
Katerina Kostakos contributed to this report