- The Treasury’s Office of Foreign Assets Control (OFAC) targets the DPRK.
- Binance helped freeze $4.4M tied to known North Korean cybercriminals.
- North Korea’s regime stole over $635M last year, funding ballistic missiles.
The leading crypto exchange Binance disclosed that they managed to trace and freeze $4.4 million of funds tied to terrorist organizations connected to North Korea. Indeed, North Korea’s hackers were a pain in the rear end for many blockchain enthusiasts in 2022.
According to U.S. Treasury documents, these hacker groups, working for the totalitarian regime of supreme leader Kim Jong Un, have collectively stolen a whopping $635 million throughout a record-breaking year of phishing hacks and scams for crypto.
On top of that, the U.S. Government reports that these illicit funds are usually used to fund the regime’s missile tests and other dangerous nuclear experiments.
