North Korea loses millions from its stolen funds amid market crash.
June 29, 2022
According to different reports, North Korea has so far accumulated $1.59 billion in stolen funds.
According to the Chainalysis report, North Korea held about $179 million unlaundered cryptocurrency stolen crypto funds over the last four years.
The value of those cryptocurrencies has now declined to $63 million.
The crash in the crypto market may affect DPRK’s plans to fund its weapons programmes.
North Korea tested a record number of missiles this year- estimated $620 million.
One of North Korea's largest cryptocurrency caches from a 2021 heist is now only worth $10 million.
According to analysts, what might have been worth tens of millions of dollars in 2021 is likely to be worth less than $10 million.
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